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
Rejected Y-1 in the beginning of the week with Y-0 failed to act as resistance hinted that Y+1 was going to be challenged. The breakout to the ...
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 Feb 13 to Feb 17 Outlook
Lawrence’s Comment
Topped at the resistance area as expected and sold off to Y-0 as expected as well.
Outlook
A choice has to be made here and that depends on gold.
If gold is going to stay strong, then Aussie will likely hold Y-0 support and retest B+1.
If B-0 turns into resistance, then Aussie will be forced to drop back down to B-2 before it gets a better chance to form a bottom.
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