AUDUSD Feb 07 to Feb 11 Outlook

By News Robot

Lawrence’s Comments

After 3 weeks of consolidation, finally a breakout from tight range. 200% expansion target (Y+3) reached and stalled from there. Closed the week above week midpoint.

The upmove was a controlled one, thus a retest of Y+1 and B-0 is needed to confirm the strength of this rally. If that zone acts as support, a retest of B+1 is very likely.


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