AUDUSD Mar 07 to Mar 11 Outlook

By News Robot

Lawrence’s Comment

Stopped right at the resistance zone mentioned last week. Sold off to Y-0 with very strong reaction to the price level, implying that Y-0 is strong support and that it is not that easy to break below the level. Second try to test the level resulted in a bounce to close the week at B-0.

As long as the pair holding up above B-1, B+2 is in play. The uptrend is now established.


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