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
Lawrence's Comment
Recap
Consolidation at 50% previous week range. Y+1 resistance with Y-0 support all week. Closed the week above Y-0 and below midpoint.
Outlook
Breaking below Y-0 / B-1 points to ...
AUDUSD Oct 24 to Oct 28 Outlook
Lawrence’s Comment
Y-0 acted as support and closed the week above Y+1.
Outlook
Consolidation after a strong rally is normal. breakout above Y+1 to B+1 will give us B+3 target.
Failure to go higher from B+2 next week will lead to a selloff back down to B-2.
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