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
Everything said last week happened. Downside bias used up by Monday. Higher than usual volatility sending ES all the way back to all time high. Closed the week near ...
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 Jun 03 to Jun 07 Outlook
Lawrence’s Comment
Spike bottom happened before midweek yet failed to push above Y-0. Closed the week below Y-1 and midpoint.
Outlook
The first try to find a bottom failed. The week turned into consolidation around Y-1. That is bearish until B+1 is cleared.
As long as B+1 acting as resistance, more downside is expected.
Once B+1 is cleared, a quick run to Y+1 is in play.
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