Recap 4 hour bear flag breakdown gave us a selloff down to Y-1. The gold flush to new low did the rest and kept Aussie staying around Y-2. Closed the week near week low and below Y-1.
Outlook Aussie is still moving in sync with gold. Should gold find a bottom in coming few weeks, Aussie should find its bottom too.
As long Y-1 acting as resistance, no point to pick bottom yet.
Lawrence's Comment
Recap
Failed to clear Y-0 resistance. Gapped down to below Y-2 and flushed down to Y-3 before a bottom is found. Closed the week below Y-3 and near week low.
Outlook
Spike ...
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
Lawrence's Comment
Recap
Expected more downside last week and it looked like it was about to happen with the bear flag setup into Wednesday. Then everything changed by the eco report. Euro ...
AUDUSD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
4 hour bear flag breakdown gave us a selloff down to Y-1. The gold flush to new low did the rest and kept Aussie staying around Y-2. Closed the week near week low and below Y-1.
Outlook
Aussie is still moving in sync with gold. Should gold find a bottom in coming few weeks, Aussie should find its bottom too.
As long Y-1 acting as resistance, no point to pick bottom yet.
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