Recap Aussie slow drift pullback most of the week. Found support at previous year close and took off after NFP report. Closed the week near Y+1 and at week high.
Outlook As mentioned last week Aussie did an upside breakout and now we have confirmation. At least a run to B+2 is expected.
Lawrence's Comment
Recap
Broken out to the downside. Tagged double top target and bounced back up to Y-1. Closed the around midpoint.
Outlook
As long as Y-1 acts as resistance, a retest ...
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
Took off right from the start of the week and consolidated above Y+1 pointing to a push towards Y+3. At 100% absolute range expansion, heavy selling kicked ...
AUDUSD Jan 13 to Jan 17 Outlook
Lawrence’s Comment
Aussie slow drift pullback most of the week. Found support at previous year close and took off after NFP report. Closed the week near Y+1 and at week high.
Outlook
As mentioned last week Aussie did an upside breakout and now we have confirmation. At least a run to B+2 is expected.
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