Recap Beautiful drop from the head and shoulder neckline to the target in 1 go. Eventually stopped at 100% range expansion and bounced. Closed the week near Y-2 and below midpoint.
Outlook Down trend established on daily. Until Aussie can reverse the trend Y-1 / B+1 strong resistance with more down side.
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
Rejected the gap below early in the week, with a news shock breakout to the upside above Monday high, gave us a rally to Y+1 and the ...
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
Failed to challenge Y-0, bias for the week to tag Y-2 materialized. At 100% absolute range expansion, cable found support and bounced back up. Closed the week below Y-1 ...
AUDUSD Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Beautiful drop from the head and shoulder neckline to the target in 1 go. Eventually stopped at 100% range expansion and bounced. Closed the week near Y-2 and below midpoint.
Outlook
Down trend established on daily. Until Aussie can reverse the trend Y-1 / B+1 strong resistance with more down side.
Share