AUDUSD Jun 23 to Jun 27 Outlook

By News Robot

Lawrence’s Comment

Recap
Pullback to Y-1 as expected. Found support and zoomed back up until 100% absolute range expansion. Closed the week near Y-0 and midpoint.

Outlook
Normal pullback in progress. Holding Y-0 / B-0 for a retest of Y+1 is possible but not necessary.

Consolidation in summer often takes more than a week to complete. Expect more sideway actions this week.

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