Recap As war in Libya and natural disaster in Japan continues, the weaknesses in Aussie is completely reversed. Not even once on 4 hour chart that any kind of topping formation was seen at every resistance level and rallied to close at high of week.
Outlook B-0 is now strong support on pullback. Early next week it should be range bounded due to the V-shape reversal.
Lawrence's Comment
Recap
Ninja flushed below Y-3 as expected with no snap back. Y-4 acted as support since. Closed the week below Y-3 and midpoint.
Outlook
Brexit can indirectly affects ninja jumping ...
Lawrence's Comment
Recap
2nd consolidation week. Tighter range too. Closed the week above Y-0 and below midpoint.
Outlook
Directionless. Breakout mode in place. This time I have no directional bias.
Very dangerous setup - once ...
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 28 to Apr 01 Outlook
Lawrence’s Comment
As war in Libya and natural disaster in Japan continues, the weaknesses in Aussie is completely reversed. Not even once on 4 hour chart that any kind of topping formation was seen at every resistance level and rallied to close at high of week.
Outlook
B-0 is now strong support on pullback. Early next week it should be range bounded due to the V-shape reversal.
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