AUDUSD Oct 07 to Oct 11 Outlook

By News Robot

Lawrence’s Comment

Recap
One of the easier plays last week even though it was a bit wild. FBO in beginning of the week gave us at least a test of Y-0. And Y-0 was cleared in 1 go giving us Y+1 target. Wild swings mid week and landed at Y+1 by end of the week. Closed the week below Y+1 and above midpoint.

Outlook
A whiplash week that failed to close outside the previous week range is not a confirmed breakout. So we are back to the same game this week again waiting for reactions at the boundaries B-1 and B+1.

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