AUDUSD Apr 14 to Apr 18 Outlook

Recap
Bullish scenario unfolded. Held Y-0, gave us Y+2 and no pullback since as gold strengthen at the same time. Aussie could not stop going higher until 200% range expansion. Stalled immediately back to midpoint. Closed the week above Y+2 and midpoint.

Outlook
The tension build up in Ukraine is a surprise to many hence the rush to gold and the metal currencies. Luckily they still followed the breakout rules closely.

Monday/Tuesday is critical whether Aussie will establish a swing top or bottom for the week. Swing bottom will allow Aussie to clear B+1 and run for B+2. Swing top means a drop back down to Y+1 likely.