AUDUSD Mar 21 to Mar 25 Outlook

By News Robot

Lawrence’s Comment

Behaved in very similar fashion like yen, except that Aussie closed above Y-2 and below Y-1.

From weekly range tightening up to 3 weeks ago, and then downside expansion to Y-1 area 2 weeks ago, a trend change on daily level to the downside is now confirmed. What it means is that there will be limited upside potential for any attempt to go higher until a strong daily level bottom is developed.


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