Recap Bearish expectation worked out for Aussie. Rising wedge breakdown led to selloff down to target Y-5 and below. Closed the week below Y-5 and near week low.
Outlook Weaknesses in Aussie means gold may have limited upside. Consolidation likely with reduced range for Aussie this week. B-1 turning into support points to retest of B-0.
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
AUDUSD Jan 11 to Jan 15 Outlook
Lawrence’s Comment
Bearish expectation worked out for Aussie. Rising wedge breakdown led to selloff down to target Y-5 and below. Closed the week below Y-5 and near week low.
Outlook
Weaknesses in Aussie means gold may have limited upside. Consolidation likely with reduced range for Aussie this week. B-1 turning into support points to retest of B-0.
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