AUDUSD Feb 18 to Feb 22 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-1 acted as support, got our rally going. Yet Aussie failed to clear Y-0 and pullback since. Closed the week at midpoint and below Y-0.

Outlook
The short term swing low is in the making. Two approaches possible to deal with the setup.

First, the confirmed entry is breakout above B+1 looking for a run to B+3.

Second, if a flush to below B-1 happens, jump on board the reversal that sends Aussie back above Y-1 on daily close basis.

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