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AUDUSD Oct 22 to Oct 26 Outlook
Lawrence’s Comment
Sudden reversal from Y-0 sending Aussie back up above Y+2 and challenged previous month close. Failed to push through on this first try. Closed the week above Y+1 and midpoint.
Outlook
The pop was a surprise caused by news shock somehow at the right time (when Aussie was testing Y+1 from below). Now Aussie has to prove itself can hold above previous month low and then it is good to go higher.
So both weekly and monthly basis all eyes on B-0 / Y+1 now.
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