Recap Y-0 resistance sent Aussie down to Y-1 and the original down side target. Y-1 turning into resistance gave way to Y-2. Closed the week below Y-2 and at week low.
Outlook More down side is expected. A bounce to B-0 is possible but not necessary. Down trend in force until Aussi can sit above B-0 as support.
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 Sep 07 to Sep 11 Outlook
Lawrence’s Comment
Y-0 resistance sent Aussie down to Y-1 and the original down side target. Y-1 turning into resistance gave way to Y-2. Closed the week below Y-2 and at week low.
Outlook
More down side is expected. A bounce to B-0 is possible but not necessary. Down trend in force until Aussi can sit above B-0 as support.
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