Trading Edges That Last
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Lawrence's Comment Recap Support at Y-1 worked out, gave us Y+1 and more. 200% range expansion like Aussie. Closed the week above Y+1 and midpoint. Outlook Although the rally was a product of stop ...READ MOREFor 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 scheduleREAD MORELawrence's Comment Recap Gapped below support zone to start the week but found support at the former breakout crime scene quickly. NQ surged higher and filled the weekly gap above. Resistance near ...READ MOREPrecog Vision – Forex 2022-11-4GBPUSD Apr 14 to Apr 18 Outlook3DP Odds Table (AUDUSD) 2022-09-29Weekly Cycle Projection (AUDUSD) 2013-11-11Hot n Cold (AUDUSD) 2020-12-25Precog Vision – Forex 2013-6-17Nasdaq 100 Oct 03 to Oct 07 Outlook3DP Odds Table (AUDUSD) 2019-03-15Intraday Cycle Projection (AUDUSD) 2012-09-28Intraday Cycle Projection (AUDUSD) 2013-06-27
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AUDUSD May 20 to May 24 Outlook
Lawrence’s Comment
Gold did not give Aussie a chance at all. As gold weaken again, Aussie failed to hold Y-1 and gave us the continuation target of Y-2. Flushed thru Y-2 late in the week. Closed the week near week low and below Y-2.
Outlook
Aussie needs gold to hold or this selloff will continue.
B-0 / Y-1 is now strong resistance zone. If Aussie spike lower early this week and snap back above B-1, a run towards the resistance is expected.
Without that, looking for consolidation around B-1.
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