Recap Aussie consolidated around Y-0. Stop run happen to both sides. Closed the week near Y-0 and midpoint.
Outlook Although gold has been strong last week, Aussie failed to follow. It is rare that this happens. Inside week closing near midpoint implies indecision. Will wait for reaction at test of B+1 / B-1 before jumping in.
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
Consolidated around previous week close in reduced range. Situation in Ukraine put a leash on the majors. Closed the week below Y+1 and near midpoint.
Outlook
Volatility should pick up later ...
AUDUSD Mar 17 to Mar 21 Outlook
Lawrence’s Comment
Aussie consolidated around Y-0. Stop run happen to both sides. Closed the week near Y-0 and midpoint.
Outlook
Although gold has been strong last week, Aussie failed to follow. It is rare that this happens. Inside week closing near midpoint implies indecision. Will wait for reaction at test of B+1 / B-1 before jumping in.
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