Recap Channel support breached gave us Y-1 as expected. Wild up swing testing the channel support from below failed to clear the resistance and sent Aussie down to Y-1 again. Closed the week near Y-1 and week low.
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Easy one of the week. Beautiful bull flag / channel break as expected. Went straight for November high. Closed the week above Y+1 and near week high.
Outlook
Wide ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
AUDUSD Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Channel support breached gave us Y-1 as expected. Wild up swing testing the channel support from below failed to clear the resistance and sent Aussie down to Y-1 again. Closed the week near Y-1 and week low.
Outlook
Break of B-1 will give us B-3 quickly.
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