Recap Popped higher totest0.77 as expected. Clean break of Y-1 led to a drop to Y-3 normal range expansion target. Closed the week below Y-2 and near week low.
Outlook Aussie weekly up trend broken and daily down trend is now in place. Y-1 / B-0 resistance until proven otherwise.
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
Has been talking about this 86-88 long term target for months. Finally there thanks to the new government. Closed the week above Y+3.
Outlook
Long term bias to move ...
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
B+1 resistance together with low volume gave us consolidation actions all week. Closed the week near Y+1 and above midpoint.
Outlook
Sideway actions with a weak upside triangle formation ...
AUDUSD May 09 to May 13 Outlook
Lawrence’s Comment
Popped higher totest0.77 as expected. Clean break of Y-1 led to a drop to Y-3 normal range expansion target. Closed the week below Y-2 and near week low.
Outlook
Aussie weekly up trend broken and daily down trend is now in place. Y-1 / B-0 resistance until proven otherwise.
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