AUDUSD Aug 15 to Aug 19 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie rising wedge turned into a thin up channel leaning on Y-0 support. Normal upside target Y+2 tagged. Closed the week above Y-0 and below midpoint.

Outlook
Potential break of up channel and rising wedge in progress. As long as Y+1 / B-0 zone acting as resistance a drop towards B-2 is likely.

Share

  • You must be logged in to comment. Log in