Recap Aussie held previous week close and then bounced back up to resistance zone / channel top. Channel top confirmed as resistance with Y-1 in play. Y-0 resumed its role as resistance and pressed Aussie down to below Y-1. Closed the week below Y-1 and near week low.
Outlook More down side is expected with Y-1 resistance. If Aussie can spike low above Y-2, a bounce to B-0 will be in play.
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
Y-0 resistance dropped ES down to 100% range expansion target and spike reversal from there thanks to rumors about Greece. Then ES tested previous resistance zone and collapse right ...
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
AUDUSD Nov 09 to Nov 13 Outlook
Lawrence’s Comment
Aussie held previous week close and then bounced back up to resistance zone / channel top. Channel top confirmed as resistance with Y-1 in play. Y-0 resumed its role as resistance and pressed Aussie down to below Y-1. Closed the week below Y-1 and near week low.
Outlook
More down side is expected with Y-1 resistance. If Aussie can spike low above Y-2, a bounce to B-0 will be in play.
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