AUDUSD Oct 19 to Oct 23 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation at 50% week range. Initial FBO against Y+1 led to a pullback to Y-0. Y-0 held and gave us a retest of Y+1. Closed the week above Y-0 and below midpoint.

Outlook
Consolidation after strong move often favour the continuation of the original trend. As long as Y-0 / B-1 holds, Aussie has a good chance to retest Y+1 and breakout above B+1.

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