Recap Aussie was the easy play last week. As Y-0 was breached, the down channel was broken giving us upside target of Y+1 and above. Aussie zoomed back up to Y+2. Closed the week above Y+1 and midpoint.
Outlook Gold pushed further up giving Aussie the push necessary to break its downtrend. From here though Aussie needs to absorb the run up. Consolidation around Y+1 with 50% range is expected.
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
Rallied to Y+2 as expected after breakout of Y+1 and that it turns into support. Closed the week near Y+2 and week high.
Outlook
Rising wedge on 4 hour ...
Lawrence's Comment
Recap
The easy play of the week. Cable dropped below Y-1 and snap back up immediately gave us the long setup. Steady up drift. Closed the week above Y-0 and ...
Lawrence's Comment
Recap
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to ...
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 Mar 10 to Mar 14 Outlook
Lawrence’s Comment
Aussie was the easy play last week. As Y-0 was breached, the down channel was broken giving us upside target of Y+1 and above. Aussie zoomed back up to Y+2. Closed the week above Y+1 and midpoint.
Outlook
Gold pushed further up giving Aussie the push necessary to break its downtrend. From here though Aussie needs to absorb the run up. Consolidation around Y+1 with 50% range is expected.
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