Recap One of the easier plays last week even though it was a bit wild. FBO in beginning of the week gave us at least a test of Y-0. And Y-0 was cleared in 1 go giving us Y+1 target. Wild swings mid week and landed at Y+1 by end of the week. Closed the week below Y+1 and above midpoint.
Outlook A whiplash week that failed to close outside the previous week range is not a confirmed breakout. So we are back to the same game this week again waiting for reactions at the boundaries B-1 and B+1.
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
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
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 07 to Oct 11 Outlook
Lawrence’s Comment
One of the easier plays last week even though it was a bit wild. FBO in beginning of the week gave us at least a test of Y-0. And Y-0 was cleared in 1 go giving us Y+1 target. Wild swings mid week and landed at Y+1 by end of the week. Closed the week below Y+1 and above midpoint.
Outlook
A whiplash week that failed to close outside the previous week range is not a confirmed breakout. So we are back to the same game this week again waiting for reactions at the boundaries B-1 and B+1.
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