AUDUSD Feb 03 to Feb 07 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie consolidated in tight range. First drift up was met with sellers right above Y-0. stuck in tight range since. Closed the week below Y-0 and near midpoint.

Outlook
Inside week. Close near midpoint. Consolidation with clear signs of weaknesses. That favours the trend which is down.

As long as Y-0 to B+1 continues to act as resistance lower price level is expected. B-2 is minimal target.

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