Recap Sudden reversal from Y-0 sending Aussie back up above Y+2 and challenged previous month close. Failed to push through on this first try. Closed the week above Y+1 and midpoint.
Outlook The pop was a surprise caused by news shock somehow at the right time (when Aussie was testing Y+1 from below). Now Aussie has to prove itself can hold above previous month low and then it is good to go higher.
So both weekly and monthly basis all eyes on B-0 / Y+1 now.
Lawrence's Comment
Recap
Y-0 resistance sent NQ down to near Y-2 target mentioned last week. Worked out well but then rumors and news shock dominated the rest of the week. Closed the ...
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 page
Trading 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
The collapse of gold price in the beginnng of the week rejected the possibility of further weaknesses. So the other direction came in force.
1-2-3 buy against Y-0 sent ...
AUDUSD Oct 22 to Oct 26 Outlook
Lawrence’s Comment
Sudden reversal from Y-0 sending Aussie back up above Y+2 and challenged previous month close. Failed to push through on this first try. Closed the week above Y+1 and midpoint.
Outlook
The pop was a surprise caused by news shock somehow at the right time (when Aussie was testing Y+1 from below). Now Aussie has to prove itself can hold above previous month low and then it is good to go higher.
So both weekly and monthly basis all eyes on B-0 / Y+1 now.
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