AUDUSD May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment

Recap
2 weekly down trend resistance breakout gave us a run to 2 week high and in turn stops are found and sent Aussie to Y+2. Strong reaction at Y+2 sent Aussie back down to Y+1.

Outlook
Potential FBO in place if Aussie cannot hold above Y+1, with Y-1 target. As long as Y+1 holds, one more attempt to push higher likely.

Share

  • You must be logged in to comment. Log in