Recap Aussie tried to push higher can failed due to the obvious weaknesses mentioned last week. Ended up another consolidation week with tight range. Closed the week above Y-0 and midpoint.
Outlook 2nd inside week. Compression points to significant breakout in play. Notice strong compression leads to potential whiplash action implying both Y+1 and Y-1 will be tagged.
Upside breakout target is B+3. Downside breakout target is B-3.
Lawrence's Comment
Recap
Gapped above Y+1 to start the week but failed to hold above. As a result, a quick rush down to Y-0 and in turn opened the door to Y-1. ...
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AUDUSD Oct 27 to Oct 31 Outlook
Lawrence’s Comment
Aussie tried to push higher can failed due to the obvious weaknesses mentioned last week. Ended up another consolidation week with tight range. Closed the week above Y-0 and midpoint.
Outlook
2nd inside week. Compression points to significant breakout in play. Notice strong compression leads to potential whiplash action implying both Y+1 and Y-1 will be tagged.
Upside breakout target is B+3. Downside breakout target is B-3.
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