Recap Aussie dropped from resistance zone mentioned last week, breaking Y-1 at the end of the week as expected. Closed the week below Y-1 and at week low.
Outlook 4 Hour head and shoulder in place with B-2 target in play. Y-1 now strong resistance.
Lawrence's Comment
Recap
Consolidation at 50% week range. Initial FBO against Y+1 led to a pullback to Y-0. Y-0 held and gave us a retest of Y+1. Closed the week above Y-0 ...
Lawrence's Comment
Recap
Consolidation with 50% previous week range as expected. Pushed lower to retest Y-1 and failed to stay below. Bounced back up to take on Y-0. Closed the week below ...
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
No breakout so consolidation it is. Going nowhere whole week.
Outlook
Breakout mode. Waiting for a breakout (preferred to the upside) above B+1 or B-1.
AUDUSD Mar 09 to Mar 13 Outlook
Lawrence’s Comment
Aussie dropped from resistance zone mentioned last week, breaking Y-1 at the end of the week as expected. Closed the week below Y-1 and at week low.
Outlook
4 Hour head and shoulder in place with B-2 target in play. Y-1 now strong resistance.
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