AUDUSD Oct 10 to Oct 14 Outlook

By News Robot

Lawrence’s Comment

Recap
Flushed to Y-2 as expected. News shock sending it back to Y-0. Closed the week below Y-0 and above Y-1.

Outlook
News shock again and again abrupted the longer term trend development making it difficult to project price swings beyond the closest levels.

Breaking below B-0 we will likely retest B-1.

Breaking above B+1 originally confirms the potential of breaking the down trend but if it is just a result from the news shock again, that may not last for more than a day.

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