Trading Edges That Last
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Lawrence's Comment Recap Quick drop to Y-2 and found support. Bounced back to Y-0 and found resistance. Closed the week below Y-0 and above midpoint. Outlook Consolidation likely to absorb the wild swings in ...READ MORELawrence's Comment Recap 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 ...READ MOREFor 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 scheduleREAD MOREPrecog Vision – Forex 2015-10-2S&P 500 Jun 11 to Jun 15 Outlook3DP Odds Table (AUDUSD) 2011-05-05USDJPY Jan 20 to Jan 24 OutlookAUDUSD Aug 31 to Sep 04 OutlookIntraday Cycle Projection (AUDUSD) 2013-08-30GBPUSD Apr 27 to May 01 OutlookAUDUSD Jan 04 to Jan 08 OutlookHot n Cold (AUDUSD) 2014-10-31Precog Vision – Forex 2022-2-16
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AUDUSD Jul 06 to Jul 10 Outlook
Lawrence’s Comment
Y-0 resistance as expected giving us a perfect drop to below Y-2. Closed the week below Y-2 and near week low.
Outlook
Last part of the drop is partly stop run and partly panic from breaking of a strong support zone. The momentum will carry Aussie lower. If Aussie can spike low early next week, a consolidation week back up to 0.76 is possible.
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