Recap Y-0 breached to the downside after a weak attempt to push higher failed. Y-1 tagged and Aussie stayed weak since. Closed the week below midpoint and near Y-1.
Outlook As long as Aussie staying below B-0, looking for another flush to B-2.
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-1 breached on 2nd try sending euro down to Y-2. Closed the week below Y-2.
Outlook
Weaknesses continue. As long as B-0 acts as resistance, more downside is expected.
AUDUSD Nov 19 to Nov 23 Outlook
Lawrence’s Comment
Y-0 breached to the downside after a weak attempt to push higher failed. Y-1 tagged and Aussie stayed weak since. Closed the week below midpoint and near Y-1.
Outlook
As long as Aussie staying below B-0, looking for another flush to B-2.
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