Recap Further weaknesses as expected. Consolidated right below Y-1. Closed the week below Y-1 and midpoint.
Outlook Last week was holiday week, thus the bear flag formation is less reliable. As long as Y-1 acting as resistance, we should get B-2 printed next week.
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
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
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
The likely (normal) scenario did not happen and Y-0 was taken out by a gap. Mid gap acted as support and rallied to upside target of Y+1 and ...
AUDUSD Dec 31 to Jan 04 Outlook
Lawrence’s Comment
Further weaknesses as expected. Consolidated right below Y-1. Closed the week below Y-1 and midpoint.
Outlook
Last week was holiday week, thus the bear flag formation is less reliable. As long as Y-1 acting as resistance, we should get B-2 printed next week.
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