AUDUSD Sep 28 to Oct 02 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 failed to act as support and turned into resistance. Channel break down led to test of the start of the channel which is Y-2. Found support at Y-2 and bounced. Closed the week below Y-1 and midpoint.

Outlook
Y-1 / B-0 strong resistance until proven otherwise. Retest of B-1 likely.

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