Recap Aussie successfully cleared 4 hour down channel top, giving us Y+1 and then Y+2. Closed the week near Y+2 and week high.
Outlook Aussie’s recovery against US dollar can be a leading indicator that gold may hold its latest drop into new low for the year. Y+1 / B-0 support will be tested if Aussie fails to consolidate around Y+2 / B+1 in 50% 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
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
Failed to hold Y-1, got the flush to Y-3 as expected. Closed the week below midpoint and near Y-2.
Outlook
Daily uptrend is now broken. As long as B-0 ...
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 23 to Nov 27 Outlook
Lawrence’s Comment
Aussie successfully cleared 4 hour down channel top, giving us Y+1 and then Y+2. Closed the week near Y+2 and week high.
Outlook
Aussie’s recovery against US dollar can be a leading indicator that gold may hold its latest drop into new low for the year. Y+1 / B-0 support will be tested if Aussie fails to consolidate around Y+2 / B+1 in 50% range.
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