Recap FBO against B+1 gave as sell off down to 100% absolutely range expansion. Buying discovered there produced a short squeeze straight back up to Y+1 and above. Tagged Y+2 and stalled. Closed the week near Y+1 and above midpoint.
Outlook Y+1 / B-0 support will force a retest of B+1. B+1 acting as resistance will likely send Aussie back down to Y-0 and below crime scene.
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
Sold off to Y-2 as expected. The strong rally, however, all the way back up to Y-0, was quite amazing. Closed the week below Y-0 after failing 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
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
Beautiful spike reversal with follow thru. Cannot stop dropping until after 200% range expansion / Y-5. Closed the week near Y-5 and week low.
Outlook
ECB's actions are intentional ...
AUDUSD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
FBO against B+1 gave as sell off down to 100% absolutely range expansion. Buying discovered there produced a short squeeze straight back up to Y+1 and above. Tagged Y+2 and stalled. Closed the week near Y+1 and above midpoint.
Outlook
Y+1 / B-0 support will force a retest of B+1. B+1 acting as resistance will likely send Aussie back down to Y-0 and below crime scene.
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