Lawrence's Comment
Recap
3rd push higher above Y+1 failed to clear monthly resistance. Y+1 turning into resistance since sending this back down to Y-0. Closed the week near Y-0 and week low.
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Lawrence's Comment
Recap
Updrift all the way as no new news shock coming from Euro zone. The updrift ended with a 3 pushes up and stalled. Closed the week above Y+1 and ...
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 Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Aussie chose to range expand first towards Y+2 before pullback down to Y+1. Closed the week near Y+1 and below midpoint.
Outlook
V-reversal potential but not confirmed yet. Closing below B-1 on weekly basis will point to further down side including test of Y-1 and below.
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