AUDUSD Oct 03 to Oct 07 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie unfolded exactly as expected. Bounced back to Y-0 and stalled from there since. Retest of Y-1 happened at the end of the week. Closed the week at Y-1.

Outlook
Critical week.

Breaking below B-1 will create a flush down to, as a minimum, B-2. B-3 will be the more likely target before a pause.

Double bottom from B-1 with a breakout above B+1 can send Aussie all the way back up to B+3.

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