Lawrence's Comment
Recap
Bear flag upside breakout is a very powerful formation. It is rare thus most people reacted the wrong way in handling the situation. That's exactly what we've got last ...
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
AUDUSD Mar 25 to Mar 29 Outlook
Lawrence’s Comment
No pullback. Just a pause below Y+1 and then popped higher. Closed the week above Y+1 and near week high.
Outlook
As mentioned last week, as long as there is no confirmed sell setup Aussie can keep going higher after being suppressed for such a long time.
A new support zone is now created at Y+1 / B-0. As long as that holds, another push higher to B+2 is expected.
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