AUDUSD Feb 27 to Mar 02 Outlook

By News Robot

Lawrence’s Comment

Recap
Looking for weaknesses last week and we got that right off the start. Interesting that Y-1 was defended and bounced back up to close near Y-0 and midpoint.

Outlook
2 weeks in a row closing around the same midpoint is a sign of indecision. The effect is magnified as it was also an outside week that closed back into the midpoint.

Not a good week to trade Aussie until we get a breakout of this zone.

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