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
Y-1 tested led to a run for Y+1. Y+1 also rejeted. Closed the week above Y-0 and midpoint.
Outlook
Inside week gives us breakout mode. Targets B+3 and B-3.
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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 as expected. 50% previous week range around Y-0. Closed above Y-0 and midpoint.
Outlook
As mentioned last week, "it looks like weekly level pullback but should be treated as consolidation". ...
AUDUSD Jan 04 to Jan 08 Outlook
Lawrence’s Comment
Aussie consolidation around Y+1 in tight range. Closed the week near Y+1 and midpoint.
Outlook
Wait and see mode as Aussie parked at the same level again. Breaking below B-1 and that turning into resistance points to B-2 and below.
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