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
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
My comments for euro last week did not show up properly. What I was looking for was normal breakout follow through since last week was outside week with close ...
Lawrence's Comment
Recap
The big surprise last week came from NQ. As oppose to slide down to support level early in the week, a short squeeze sending NQ to retest ...
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