Recap Like clock work, Aussie was the easiest play last week. Held Y-0 and move above Y+1 giving way to Y+2 my target. Then cleared Y+1 on a small pullback and zoom to Y+2. Closed the week at week high and near Y+2.
Outlook Unless B+1 turning into resistance, Aussie after being suppressed for so long can zoom higher still before settling down to consolidate.
If we get a 1-2-3 sell off B+1, a pullback to B-0 is likely.
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
Tried to hold Y-0 and failed. Flushed down to Y-1 and found support. Bounced back up above Y-0 and stuck there since. Closed the week above Y-0 and midpoint.
Outlook
Y-1 ...
Lawrence's Comment
Recap
Sold back down to Y-0 first as expected. Further weaknesses took it down to Y-1. But gap was not filled and a bounce from the gap top killed ...
AUDUSD Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Like clock work, Aussie was the easiest play last week. Held Y-0 and move above Y+1 giving way to Y+2 my target. Then cleared Y+1 on a small pullback and zoom to Y+2. Closed the week at week high and near Y+2.
Outlook
Unless B+1 turning into resistance, Aussie after being suppressed for so long can zoom higher still before settling down to consolidate.
If we get a 1-2-3 sell off B+1, a pullback to B-0 is likely.
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