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
Lawrence's Comment
Recap
Formed a slightly higher low and then pushed higher. Yet failed to clear the original bear flag support line that is now resistance. Closed the week above ...
Lawrence's Comment
Recap
Cable never even tested Y-0 and held up around Y+1. When BOE talked, all out breakout happened. Normal Y+3 target tagged but it could not stop the run. Closed ...
Lawrence's Comment
Recap
We got our downside move and we got way more than we asked for. Not just y-2 was tagged, Yen slided all the way to below Y-3 and ...
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 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.
Share