Recap 2 weekly down trend resistance breakout gave us a run to 2 week high and in turn stops are found and sent Aussie to Y+2. Strong reaction at Y+2 sent Aussie back down to Y+1.
Outlook Potential FBO in place if Aussie cannot hold above Y+1, with Y-1 target. As long as Y+1 holds, one more attempt to push higher likely.
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
ContentReviewEuro Next Move Depends on US Interest RateS&P Enters Consolidation ModeGold Bulls Exaggerate Its Potential UpsideBitcoin is the Market to Avoid10-Year Note at Critical JunctureBig Picture SummaryReviewEuro pullback as expected ...
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
As mentioned last week, any weaknesses would land ES back down to Y-1. We got that right at the beginning of the week. After pullback to mid ...
AUDUSD May 18 to May 22 Outlook
Lawrence’s Comment
2 weekly down trend resistance breakout gave us a run to 2 week high and in turn stops are found and sent Aussie to Y+2. Strong reaction at Y+2 sent Aussie back down to Y+1.
Outlook
Potential FBO in place if Aussie cannot hold above Y+1, with Y-1 target. As long as Y+1 holds, one more attempt to push higher likely.
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