AUDUSD Oct 27 to Oct 31 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie tried to push higher can failed due to the obvious weaknesses mentioned last week. Ended up another consolidation week with tight range. Closed the week above Y-0 and midpoint.

Outlook
2nd inside week. Compression points to significant breakout in play. Notice strong compression leads to potential whiplash action implying both Y+1 and Y-1 will be tagged.

Upside breakout target is B+3. Downside breakout target is B-3.

Share

  • You must be logged in to comment. Log in