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.
Lawrence's Comment
Recap
First weekly higher low in place. 1.30 acted as support. And they found an excuse to clear 1.32. Closed the week printing 4 week highest high and above Y+1.
Outlook
Bullish ...
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
Bearish scenario unfolded and almost tagged our B-2 target. The end of week news shock from euro zone forced a reversal on Friday. Closed the week at ...
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.
Share