AUDUSD Sep 10 to Sep 14 Outlook

By News Robot

Lawrence’s Comment

Instead of a regular bottom, we got a flush first below Y-2. Then a mini double bottom on hourly started the short squeeze we’ve been looking for. After clearing Y-1, the target Y+1 was then in play. Closed the week above Y-0 and at the week high.

This week a test of Y+1 is very likely.

If it is cleared quickly, then a consolidation around B+1 within Y-0 to Y+1 is a signal of continuation run to B+2.


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