Recap Y-0 resistance sent Aussie down to Y-1. Y-1 acted as support sent Aussie back up to Y-0. Closed the week near Y-1 and below midpoint. Outlook Tight range week with no winner yet. For up trend to resume, breakout above B+1 is needed. More downside to B-2 is more likely.
Lawrence's Comment
Recap
Pullback to Y-2 support zone as expected. Ninja rallied since to tag Y+1. Strong reaction at Y+1 zone bought ninja back down. Closed the week below Y-0 and near ...
Lawrence's Comment
Recap
Rallied to Y-0 early in the week forming a bear flag. Sold off once the bear flag was broken to tbe downside. Y-2 target area reached but not ...
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AUDUSD Oct 26 to Oct 30 Outlook
Lawrence’s Comment
Y-0 resistance sent Aussie down to Y-1. Y-1 acted as support sent Aussie back up to Y-0. Closed the week near Y-1 and below midpoint.
Outlook
Tight range week with no winner yet. For up trend to resume, breakout above B+1 is needed. More downside to B-2 is more likely.
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