Recap Y-0 resistance sent Aussie down to Y-2 target. Channel formation in place sending Aussie down to Y-3 where the channel bottom is. Closed the week near Y-2 and below midpoint.
Outlook Channel play until Aussie move out of the channel. Y-1 strong resistance until proven otherwise. A retest of B-1 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
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
Breakout on 4 hours was not triggered. Instead we get another tight range consolidation week. Closed the week near Y-0 and above midpoint.
Outlook
2 weeks of tight range ...
AUDUSD Nov 02 to Nov 06 Outlook
Lawrence’s Comment
Y-0 resistance sent Aussie down to Y-2 target. Channel formation in place sending Aussie down to Y-3 where the channel bottom is. Closed the week near Y-2 and below midpoint.
Outlook
Channel play until Aussie move out of the channel. Y-1 strong resistance until proven otherwise. A retest of B-1 likely.
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