Recap Aussie held previous week close and pushed higher to Y+1 and above. Y+1 failed to act as support and led to a drop back down to week low. Closed the week above Y-0 and near midpoint.
Outlook Y+1 /B+1 resistance will send Aussie back down to B-1 and 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
Continuation drop turned into falling wedge and bottom out. Reversal forced a test of the crime scene of the breakdown. Closed the week below Y-1 and midpoint.
Outlook
B-1 ...
Lawrence's Comment
Recap
Monday weak close and then gapped down to open gap below. Bounced off at once. Y-0 support led to a squeeze back up to Y+1. Closed the week above ...
Lawrence's Comment
Recap
Dow pushed higher as expected early in the week. Since then failed to clear the upside and breached Y-0. The break led to all out sell off since. Closed ...
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 Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Aussie held previous week close and pushed higher to Y+1 and above. Y+1 failed to act as support and led to a drop back down to week low. Closed the week above Y-0 and near midpoint.
Outlook
Y+1 /B+1 resistance will send Aussie back down to B-1 and B-2.
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