AUDUSD Feb 24 to Feb 28 Outlook

By News Robot

Lawrence’s Comment

Recap
Y+1 rejected which gave us Y-0 and below. Gold not going up quickly contributed to the move. Closed the week below Y-0 and midpoint.

Outlook
A pullback from multiple weeks up leg is normal. The slow drift downward is sign of strength. A break of previous week resistance line will give us a go for Y+1 / B+1.

The wildcard is that if gold collapses from the current level, we can lean on a break of Y-1 down to B-3.

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