AUDUSD Feb 22 to Feb 26 Outlook

By News Robot

Lawrence’s Comment

Recap
Attempts to breakout above Y+1 failed as Y+1 never turned into support. Consolidation in tight range all week. Closed the week near Y+1 and above midpoint.

Outlook
Y-0 support points to the intention of retesting the spike high near Y+2. Strong resistance at Y+2 / B+2. Breaking below B-1 will give us B-2 and potential continuation of weekly down trend.

Share

  • You must be logged in to comment. Log in