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Lawrence's Comment Recap Tagged Y-2 as expected. Then came the empty promises from various officials in Europe. Short squeeze all the way. Closed the week near week high. Outlook Same old empty ...READ MOREFor 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 scheduleREAD MOREIntraday Cycle Projection (AUDUSD) 2014-03-28Precog Vision – Forex 2015-6-243DP Odds Table (AUDUSD) 2018-06-15Precog Vision – Forex 2017-12-5AUDUSD Jun 20 to Jun 24 Outlook3DP Odds Table (AUDUSD) 2016-07-27Precog Vision – Forex 2022-12-22EURUSD Jul 30 to Aug 03 OutlookWeekly Cycle Projection (AUDUSD) 2016-10-17Precog Vision – Forex 2011-4-19
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AUDUSD Sep 02 to Sep 06 Outlook
Lawrence’s Comment
As expected Aussie cannot even tag Y-0 and sold off back down to Y-1. Struggled around Y-1 in 2nd half of the week. Closed the week below Y-1 and near week low.
Outlook
Pressed down by 2 factors – Strength in US dollar due to backdrop of war looming and potential exhaustion in gold rally.
Key level remains at 0.9 right above B-0. If Aussie successfully pops higher above B-0 early next week, a run back up to B+1 / Y-0 should not be a problem.
As long as the 0.9 / B-0 zone is not breached, more downside for Aussie likely. B-2 very likely to be tagged this week.
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