AUDUSD Jul 14 to Jul 18 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie carried higher as gold holding onto its gain last week. Spiked through Y-0 but failed to clear the resistance. Closed the week below Y-0 and midpoint.

Outlook
Consolidation after wide range week is normal. If not for the stop run mid week we would have a perfect 50% consolidation week.

Y-0 rejected points to retest of Y-1 in play. Even if long side can stage a comeback it will take a better bottom to happen.

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