Recap As expected drift up to B+2 and stalled from there. Closed the week below midpoint.
Outlook Retest of Y+1 to B-1 should be the first move in the agenda. There acting as support will send the pair back up to B-0 and B+1 for a retest of high.
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
The failure of euro to hold above the previous year close is now proven to be very bearish. 1.30 is a critical price zone that euro must defend as there ...
Lawrence's Comment
Recap
Similar to Cable, failing to clear previous week close led to a flush down to almost Y-3. Intervention happened and ninja went straight back up to Y-0. Closed the ...
AUDUSD Sep 05 to Sep 09 Outlook
Lawrence’s Comment
As expected drift up to B+2 and stalled from there. Closed the week below midpoint.
Outlook
Retest of Y+1 to B-1 should be the first move in the agenda. There acting as support will send the pair back up to B-0 and B+1 for a retest of high.
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