AUDUSD Apr 04 to Apr 08 Outlook
Recap
Range bounded trading as expected and Y-0 support is not even challenged. Closed the week at 50% absolute expansion.
Range bounded trading as expected and Y-0 support is not even challenged. Closed the week at 50% absolute expansion.
Outlook
B-0 to B+1 zone is a significant resistance area. Any break below that will signal the potential of a more significant pullback. Looking for topping formation for a move towards B-1 and B-2.
Comments
AUD break resistance 1.0400 level