Recap Flushed to Y-2 as expected. News shock sending it back to Y-0. Closed the week below Y-0 and above Y-1.
Outlook News shock again and again abrupted the longer term trend development making it difficult to project price swings beyond the closest levels.
Breaking below B-0 we will likely retest B-1.
Breaking above B+1 originally confirms the potential of breaking the down trend but if it is just a result from the news shock again, that may not last for more than a day.
Not sure what to expect from the election but the outcome from that can be major game changing event in how dollar yen will move in coming months. In turn, ...
Lawrence's Comment
Recap
NQ Y+1 did not act as resistance, and rallied 50% of previous week range and paused. After the Fed + JPM shock, NQ is propelled to Y+3 ...
Lawrence's Comment
Recap
Shock sent the pair to trade above Y+1 but failed to hold above that. Y+1 turned into resistance and signal a test of Y-1 in play. Selloff stopped ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
AUDUSD Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Flushed to Y-2 as expected. News shock sending it back to Y-0. Closed the week below Y-0 and above Y-1.
Outlook
News shock again and again abrupted the longer term trend development making it difficult to project price swings beyond the closest levels.
Breaking below B-0 we will likely retest B-1.
Breaking above B+1 originally confirms the potential of breaking the down trend but if it is just a result from the news shock again, that may not last for more than a day.
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