Recap Aussie held previous week close and pushed higher to Y+1 and above. Y+1 failed to act as support and led to a drop back down to week low. Closed the week above Y-0 and near midpoint.
Outlook Y+1 /B+1 resistance will send Aussie back down to B-1 and B-2.
Lawrence's Comment
Recap
Sold off straight down to Y-2 target opened the door to Y-3. Stair step action going down until 100% absolute range was reached. Closed the week below Y-2 and ...
Lawrence's Comment
Recap
Y-0 acted as support and then pushed this pair higher. Y+1 breached and then immediately snapped back down. Closed the week above Y-0 and B-0.
Outlook
The magiv 0.96 ...
AUDUSD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Aussie held previous week close and pushed higher to Y+1 and above. Y+1 failed to act as support and led to a drop back down to week low. Closed the week above Y-0 and near midpoint.
Outlook
Y+1 /B+1 resistance will send Aussie back down to B-1 and B-2.
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