AUDUSD Dec 17 to Dec 21 Outlook

By News Robot

Lawrence’s Comment

Recap
With help of gold, Aussie did not even stopped at Y+1 on the first retest. Opened the door way to Y+2 and tagging that too in a day. Pullback to Y+1. Closed the week near week high and above Y+1.

Outlook
Was caught by surprise on that 4 hour close above Y+1 on first try. Waited for weaknesses that never happened. Missed the ride to Y+2 myself.

End of week up move failed to close above Y+2. If that stays as resistance a move back down to Y+1 / B-0 is likely. It is by no means a selloff. Just end of year consolidation.

If B+1 is cleared, looking for a quick run to B+2.

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