Recap Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook Support held up well. Following the chopping up drift in gold closely. Retest of B+1 is likely.
Lawrence's Comment
Recap
Another one played out as expected. Bounce from Y-0 was weak and as expected could not even get close to Y+1. Sold off down to near Y-1 and bounced. ...
Lawrence's Comment
Recap
The overall bullish bias is correct that Dow keep trying to push higher. The problem with that, however, is the lack of volume making it difficult to clear 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 Jan 19 to Jan 23 Outlook
Lawrence’s Comment
Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook
Support held up well. Following the chopping up drift in gold closely. Retest of B+1 is likely.
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