AUDUSD May 09 to May 13 Outlook

By News Robot

Lawrence’s Comment

The less likely scenario happened. Free ride from Y-0 to Y-2. Closed the week above Y-1.

The reaction at B-0 points to a retest of B-1. Congestion within B-0 to B-1 is expected until either one is taken out.
The likely breakout direction is down and Y-3 to B-2 is in play in later part of the week.


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