Recap Rally continued until Y+2 is tagged. News shock from Euro zone induced a sharp selloff back down to above 1.00, slightly higher than Y-0. Closed the week above Y-0.
Outlook Since Y-0 is not breached, it is likely we get at least a retest of B-0.
Failured to push above B-0 will lead to a drop to B-2.
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
Aussie took off from the falling wedge visible on 4 hour and daily. Tagged the wedge target and stalled. Y+1 failed to provide support so FBO kicked in with ...
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 25 to Jun 29 Outlook
Lawrence’s Comment
Rally continued until Y+2 is tagged. News shock from Euro zone induced a sharp selloff back down to above 1.00, slightly higher than Y-0. Closed the week above Y-0.
Outlook
Since Y-0 is not breached, it is likely we get at least a retest of B-0.
Failured to push above B-0 will lead to a drop to B-2.
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