Recap Aussie driven lower in the beginning of the week down to Y-1. Found support there can zoomed to Y+2. 2nd attempt at clearing Y+2 failed and led to a slide back down to Y-0. Closed the week above Y-0 and below midpoint.
Outlook The expected upside push happened and failed to go much higher. This points to testing of the support below soon. As long as Y+1 / B-0 acting as resistance, B-1 and below is in play.
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
Lawrence's Comment
Recap
With help of gold, Aussie did not even stopped at Y+1 on the first retest. Opened the door way to Y+2 and tagging that too in a ...
AUDUSD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Aussie driven lower in the beginning of the week down to Y-1. Found support there can zoomed to Y+2. 2nd attempt at clearing Y+2 failed and led to a slide back down to Y-0. Closed the week above Y-0 and below midpoint.
Outlook
The expected upside push happened and failed to go much higher. This points to testing of the support below soon. As long as Y+1 / B-0 acting as resistance, B-1 and below is in play.
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