AUDUSD Jan 28 to Feb 01 Outlook

Recap
Y-1 acted as support for a 1-2-3 buy early in the week sent Aussie up to Y+1. The bullish bias worked out. Oddly, Y+1 simply stopped the move and flushed Aussie back down to Y-1 with another inside range. The breakout setup led to a breakdown below week low and 100% expansion of the tight range to the downside. Closed the week near week low and below Y-2.

Outlook
Gold in the driving seat. Weekly inside week breakdown seldom stops at 100% range expansion. Looking for further weaknesses down to Y-4 area first.

If Aussie drift up in the beginning of the week, then as long as B-0 acting as resistance, retest of B-1 is likely.