AUDUSD May 02 to May 06 Outlook

By News Robot

Lawrence’s Comment

Congestion as expected in the beginning of the week. Then took off to target mentioned last wee, pause, and then finish the move by tagging Y+2. Closed at the high of the week.

Momentum is too strong to stop at B+1. The likely price level to stall from is Y+3 to B+2 zone.
The less likely scenario is that a sharp turn from B+1 breaking B-0 means the rally is potentially over.


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