AUDUSD Aug 25 to Aug 29 Outlook

By News Robot

Lawrence’s Comment

Recap
The other easy play of the week. Bear flag broken, sending Aussie straight down to target and bounced. Closed the week above Y-0 and midpoint.

Outlook
Support tested and rejected decisively. The other end, above B+1 to Y+2 is in play. Until Y+2 is cleared and that B+1 is acting as support, Aussie is simply buying time and waiting for gold to give it a direction.

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