Recap Aussie flushed to almost Y-2 before snapping back up to above Y-0 and then consolidated for the rest of the week. Closed the week above Y-1 and midpoint.
Outlook Gold did not fair well last week but Aussie is holding on its own. It is a sign of strength. Will look for long from 4 hour bull flag breakout for a run back upto 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
Similar to loonie, aussie produced biggest reaction among the majors from the intervention by the central banks due to its metal currency behaviour. The Y+1 breakout to ...
Lawrence's Comment
Recap
As mentioned last week, looking for a rally to 1300 and we got that, plus a lot more. 1300 turned into support and helped to send ES ...
Lawrence's Comment
Recap
Total breakdown since the start of the week. Tagged 2X previous week range and bounced on exhaustion. Closed the week at midpoint.
Outlook
Looking for short term bottom early ...
AUDUSD Mar 11 to Mar 15 Outlook
Lawrence’s Comment
Aussie flushed to almost Y-2 before snapping back up to above Y-0 and then consolidated for the rest of the week. Closed the week above Y-1 and midpoint.
Outlook
Gold did not fair well last week but Aussie is holding on its own. It is a sign of strength. Will look for long from 4 hour bull flag breakout for a run back upto B+2.
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