Recap Dropped below Y-1 and popped back up immediately. That put Y-0 in play and tagged Y-0 quickly. Failure to go higher from Y-0 sent it back down to Y-1 again. This time it held up just fine, hence staged an explosive rally to above Y+1.
Outlook Outside reversal week implies higher price still. Should focus on the long side only until B-0 fails to hold as support.
Lawrence's Comment
Recap
Drifted higher early in the week. Pullback to B-0 and as expected the pair bounced off B-0 as support.
Outlook
B+1 and B+2 are the targets for the coming week. ...
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 Jul 02 to Jul 06 Outlook
Lawrence’s Comment
Dropped below Y-1 and popped back up immediately. That put Y-0 in play and tagged Y-0 quickly. Failure to go higher from Y-0 sent it back down to Y-1 again. This time it held up just fine, hence staged an explosive rally to above Y+1.
Outlook
Outside reversal week implies higher price still. Should focus on the long side only until B-0 fails to hold as support.
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