AUDUSD Sep 26 to Sep 30 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 support lifted Aussie to test Y+1. Since then consolidated for FOMC announcement. After, Y+1 cleared and 100% range expansion move to above Y+2 before finding resistance. Closed the week above Y+1 and midpoint.

Outlook
Aussie pretty much rushed to the original crime scene where it first broke down from a thin up channel. Now a repeat of the same happened which suggested that a higher timeframe down channel is in the making. As long as B+1 is acting as resistance Aussie will retest Y+1.

Share

  • You must be logged in to comment. Log in