Recap Aussie carried higher as gold holding onto its gain last week. Spiked through Y-0 but failed to clear the resistance. Closed the week below Y-0 and midpoint.
Outlook Consolidation after wide range week is normal. If not for the stop run mid week we would have a perfect 50% consolidation week.
Y-0 rejected points to retest of Y-1 in play. Even if long side can stage a comeback it will take a better bottom to happen.
Lawrence's Comment
Recap
Tagged Y+2 as expected. Better yet, made a 1-2-3 sell off that zone implying Y+1 and Y-0 was in play and both were tagged quickly thus opening the ...
Lawrence's Comment
Recap
All week bear flag drift up. Tagged resistance at Y-0 before NFP and sold off right after. Wild reaction at Y-1 and erased the drop. Closed the week below ...
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
AUDUSD Jul 14 to Jul 18 Outlook
Lawrence’s Comment
Aussie carried higher as gold holding onto its gain last week. Spiked through Y-0 but failed to clear the resistance. Closed the week below Y-0 and midpoint.
Outlook
Consolidation after wide range week is normal. If not for the stop run mid week we would have a perfect 50% consolidation week.
Y-0 rejected points to retest of Y-1 in play. Even if long side can stage a comeback it will take a better bottom to happen.
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