AUDUSD Nov 02 to Nov 06 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 resistance sent Aussie down to Y-2 target. Channel formation in place sending Aussie down to Y-3 where the channel bottom is. Closed the week near Y-2 and below midpoint.

Outlook
Channel play until Aussie move out of the channel. Y-1 strong resistance until proven otherwise. A retest of B-1 likely.

Share

  • You must be logged in to comment. Log in