Recap Pull back as expected. Too fast so Y-0 could only hold this up for just a pause. Y-1 tagged before mid week. Springed back above Y-1 to close the week.
Outlook Y+1 rejected decisively so clear resistance above Y-0. Interestingly, Aussie has found support below Y-1. Thus the pair is likely trapped between Y-0 to Y-1 until a breakout of this range.
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
Monday we saw a brake was applied then Tuesday we get a repeat. A lot of people did not get the memo that it is the week to go ...
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 Nov 07 to Nov 11 Outlook
Lawrence’s Comment
Pull back as expected. Too fast so Y-0 could only hold this up for just a pause. Y-1 tagged before mid week. Springed back above Y-1 to close the week.
Outlook
Y+1 rejected decisively so clear resistance above Y-0. Interestingly, Aussie has found support below Y-1. Thus the pair is likely trapped between Y-0 to Y-1 until a breakout of this range.
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