Recap Aussie held Y-0 and gave us upside breakout. No FBO implies normal breakout target Y+3 in play. Y+3 tagged later in the week. Closed the week above Y+2 and midpoint.
Outlook Breakout was stop run induced. That points to Y+2 retest is necessary. B-0 is also possible as long as B+1 acting as resistance.
Latest rounds of US vs. Russia events can turn ugly faster than we blink. If the situation escalates in coming few weeks, be ready for wild rides with Aussie and Loonie as they are closely related to gold, the metal of war.
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
Ninja failed to clear Y+1 gave us a drop to Y-1. Ninja reacted to Y-1 but it failed to stop the drop right there. A bear flag on 4 ...
Lawrence's Comment
Recap
Remember I said "it was confusing" last week? It is. The week started with a flush to Y-1 yet no breakdown. A test of Y-0 right after ...
AUDUSD Mar 31 to Apr 04 Outlook
Lawrence’s Comment
Aussie held Y-0 and gave us upside breakout. No FBO implies normal breakout target Y+3 in play. Y+3 tagged later in the week. Closed the week above Y+2 and midpoint.
Outlook
Breakout was stop run induced. That points to Y+2 retest is necessary. B-0 is also possible as long as B+1 acting as resistance.
Latest rounds of US vs. Russia events can turn ugly faster than we blink. If the situation escalates in coming few weeks, be ready for wild rides with Aussie and Loonie as they are closely related to gold, the metal of war.
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