Recap Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around 0.70 round number. Closed the week above Y-0 and near week high.
Outlook Y-0 / B-0 now strong support for a test of Y+1. Failure to hold above B-0 points to daily down trend resumes.
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
Y-0 never challenged. Cable simply consolidating around Y+1 within 50% absolute range. Closed the week below Y+1 and midpoint.
Outlook
The more interesting scenario is that cable breaking below ...
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
Y-1 test led to up drift for Y-0 all week. Closed the week near Y-0 and week high.
Outlook
Rising wedge breakdown points to test of B-1 / Y-1. ...
AUDUSD Sep 14 to Sep 18 Outlook
Lawrence’s Comment
Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around 0.70 round number. Closed the week above Y-0 and near week high.
Outlook
Y-0 / B-0 now strong support for a test of Y+1. Failure to hold above B-0 points to daily down trend resumes.
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