AUDUSD May 11 to May 15 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-1 and below proven strong support led to strong rally back up to the crime scene before the break down from the week before last. Since then Aussie stalled. Closed the week near Y-0 and midpoint.

Outlook
Reduced range and closing near both midpoints means indecision. Aussie still not finding its direction yet. Until one side is cleared, expecting range bounded 2-way play.

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