AUDUSD Feb 28 to Mar 04 Outlook

By News Robot

Lawrence’s Comment

Completely trapped within the month range, aussie just slide from the resistance to its support and bounce back to the resistance zone by close of the week.

The interesting scenario for aussie is that if the pair turned downward and stage a selloff from B+1 and Y+1 with a 1-2-3 sell setup, B-1 will be seen again next week.
The less likely scenario is that the pair break above B+1 and that it turns into support, we will then get a quick zoom to B+3 (not shown in the chart).


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