Recap FBO last week gave us the drop down to near Y-2 until 100% absolute range expansion was tagged. Closed the week below Y-1 and midpoint.
Outlook Y-2 / B-1 support will force a retest of the 0.77 breakdown crime scene. Until we have a clean break of Y-2, Aussie is simply moving back into the previous consolidation area for more sideway actions.
Lawrence's Comment
Recap
Y+1 was breached quickly in first half of the week invalidated the bearish bias. The door to Y+2 was opened since. Y+2 tagged eventually at the end of the ...
Lawrence's Comment
Recap
Rally all the way back to original resistance underneath Y+1. 1-2-3 sell off from there back to almost Y-1. Closed the week between Y-0 and Y-1.
Outlook
Inside week. ...
Lawrence's Comment
Recap
Tight range 2-way swings as expected. 50% week range. Closed the week near Y-0 and midpoint.
Outlook
Compression points to breakout mode. The struggle to hold Y-0 points 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
AUDUSD May 02 to May 06 Outlook
Lawrence’s Comment
FBO last week gave us the drop down to near Y-2 until 100% absolute range expansion was tagged. Closed the week below Y-1 and midpoint.
Outlook
Y-2 / B-1 support will force a retest of the 0.77 breakdown crime scene. Until we have a clean break of Y-2, Aussie is simply moving back into the previous consolidation area for more sideway actions.
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