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.
Lawrence's Comment
Recap
Going higher after consolidation as stated last week. Reached our target of Y+3 and paused there to close the week.
Outlook
The last leg up was a bit too fast. ...
Lawrence's Comment
Recap
Multiple news shocks caused both Loonie and Aussie to swing wildly. This week is a good example showing that when the participants are more emotional, you get the ...
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 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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