AUDUSD Aug 15 to Aug 19 Outlook

By News Robot

Lawrence’s Comment

Recap
As oppose to just consolidate like Loonie, Aussie continued its path towards the Y-2 target before bouncing back. Attempts to trade above Y-1 failed so far and closed the week below Y-1.

Outlook
Bias towards a retest of Y-2 and B-1 as long as Y-1 upto B+1 acts as resistance.

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