Recap Wedge broken to the upside, retest the wedge resistance trend line from above. Strong bounce up to first swing resistance and stalled. Closed the week below Y-1 and near week low.
Outlook First attempt to break the daily down trend failed. If Aussie finds support around B-1 and break above B-0 decisively, B+2 is likely.
Lawrence's Comment
Recap
Minimal pullback and test of Y+1 stopped at 50% range. Closed the week near Y+1 and above midpoint.
Outlook
FBO against B+1 with a quick drop below B-0 will ...
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
News shock dropped ES down to Y-3 to start the week. Gap fill fight started at once. Wild 2 ways swings eventually allow ES to move above Y-1. Closed ...
AUDUSD Oct 06 to Oct 10 Outlook
Lawrence’s Comment
Wedge broken to the upside, retest the wedge resistance trend line from above. Strong bounce up to first swing resistance and stalled. Closed the week below Y-1 and near week low.
Outlook
First attempt to break the daily down trend failed. If Aussie finds support around B-1 and break above B-0 decisively, B+2 is likely.
Share