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Lawrence's Comment Recap Consolidation in our prescribed range most of the week until Fed announcement took place. Then all out short squeeze started until 100% absolute range expansion reached by ...READ MORELawrence's Comment Recap Y-1 breached early in the week points to a drop to Y-2 and below in the making. Sold off until Y-2 / 1.20 round number level attracted buyers. Bounced ...READ MORELawrence's Comment Recap Aussie followed its peers broken the daily down trend against USD. Closed the week above Y+1 and midpoint. Outlook To start a new up trend on daily against US ...READ MOREFor 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 scheduleREAD MOREIntraday Cycle Projection (AUDUSD) 2014-10-28Dow 30 Sep 17 to Sep 21 OutlookIntraday Cycle Projection (AUDUSD) 2017-07-25USDCAD May 04 to May 08 OutlookAUDUSD Aug 06 to Aug 10 Outlook3DP Odds Table (AUDUSD) 2011-05-27Hot n Cold (AUDUSD) 2012-4-113DP Odds Table (AUDUSD) 2018-03-27AUDUSD Mar 23 to Mar 27 OutlookPrecog Vision – Forex 2020-8-24
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AUDUSD Nov 25 to Nov 29 Outlook
Lawrence’s Comment
A forced rally early in the week due to the bull trap from gold tagged Y+2 but it did not last. The dirty bottom at Y-1 was retested as expected and blasted through. Aussie flushed down to Y-3. Closed the week near Y-3 and week low.
Outlook
Just like gold itself, Aussie just cannot build a bottom in the middle of nowehre. More downside is expected.
Until Aussie can stage a bottom setup at B-1, not looking for long.
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