Recap Another week of going nowhere as expected. Gold’s strength has helping Aussie to stay above Y-0 most of the week. Closed the week above Y-0 and midpoint.
Outlook Reduced range with both Y+1 and Y-0 rejected decisively means breakout play. As long as Aussie is within the range of B+1 / Y+1 and B-1 / Y-0 the expectation is that Aussie will stay in the range.
Once Aussie can move out of the range, will take that as the direction for the next swing.
Lawrence's Comment
Recap
Euro pullback lower as expected and slow week due to Easter holiday. Closed the week below Y-0 and midpoint.
Outlook
Inside week with tight range gives us breakout ...
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 30 to Jul 04 Outlook
Lawrence’s Comment
Another week of going nowhere as expected. Gold’s strength has helping Aussie to stay above Y-0 most of the week. Closed the week above Y-0 and midpoint.
Outlook
Reduced range with both Y+1 and Y-0 rejected decisively means breakout play. As long as Aussie is within the range of B+1 / Y+1 and B-1 / Y-0 the expectation is that Aussie will stay in the range.
Once Aussie can move out of the range, will take that as the direction for the next swing.
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