AUDUSD Jun 08 to Jun 12 Outlook

By News Robot


Lawrence’s Comment

Recap
FBO against Y-1 early in the week gave us a run towards Y+1. Yet, 100% absolute range expansion stopped the attempt below Y+1. Aussie dropped back down all the way. Closed the week near Y-1 and week low.

Outlook
B-2 and B-3 in play if B-1 / Y-1 zone turns into resistance. To break the daily down trend a strong move above B+1 is necessary.

Share

  • You must be logged in to comment. Log in