Recap Y-0 support gave us the run to Y+2 as expected. 3 pushes up against Y+2 produced the drop back down to Y+1. Closed the week above Y-0 and below midpoint.
Outlook Potential FBO against Y+1 in place. As long as Y+1 /B-0 acting as resistance Aussie may have to drop back down to Y-1.
Lawrence's Comment
Recap
Previous week close acted as resistance, gave us a quick drop back down to Y-0. Bounced from Y-0 yet failed again to clear previous week close told us Dow ...
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AUDUSD Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Y-0 support gave us the run to Y+2 as expected. 3 pushes up against Y+2 produced the drop back down to Y+1. Closed the week above Y-0 and below midpoint.
Outlook
Potential FBO against Y+1 in place. As long as Y+1 /B-0 acting as resistance Aussie may have to drop back down to Y-1.
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