Recap Retest of the lows happened as as Aussie failed to push higher from Y-0. Support found near Y-1 and bounced back. Closed the week above Y-0 and midpoint.
Outlook 2nd reject in place against Y-1. As long as Aussie can hold Y-0, an attempt for B+1 and above is likely.
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
Gap above Y+1 and failed to hold above. That opened the door to Y-0. Dropped straight down to below Y-0, opening the door to Y-1 with previous week close ...
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
Consolidation actions after wide range expansion was normal. ECB decisions sparked wild swings both ways. Y-0 support gave us a run for Y+2 but not enough time to get ...
AUDUSD Feb 16 to Feb 20 Outlook
Lawrence’s Comment
Retest of the lows happened as as Aussie failed to push higher from Y-0. Support found near Y-1 and bounced back. Closed the week above Y-0 and midpoint.
Outlook
2nd reject in place against Y-1. As long as Aussie can hold Y-0, an attempt for B+1 and above is likely.
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