Recap Spike low against Y-1 above Y-2 sent Aussie back up to Y-0 as expected. Going sideway since. Closed the week near Y-0 and above midpoint.
Outlook Gold test of year low in progress and the outcome can dictate the next move in Aussie. If gold going for all out break down from the current level, Aussie will be the collateral damage with channel top resistance at B+1 and dropping down to B-2 target.
Lawrence's Comment
Recap
Monday gapped below critical support which then turned into resistance. Trend sell all week until 200% aboslute range expansion was reached. Closed the week below Y-5 and at week ...
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
Recap of Last Week Did not post about this pair last week as the better play was euro. The upside breakout triggered on this one anyway and the 200% ...
Lawrence's Comment
Recap
17000 round number support sparked a strong rally back up to 17700. Reactions to FOMC decision the day after were opposite to what most people expected. Beautiful drop back ...
AUDUSD Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Spike low against Y-1 above Y-2 sent Aussie back up to Y-0 as expected. Going sideway since. Closed the week near Y-0 and above midpoint.
Outlook
Gold test of year low in progress and the outcome can dictate the next move in Aussie. If gold going for all out break down from the current level, Aussie will be the collateral damage with channel top resistance at B+1 and dropping down to B-2 target.
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