Recap Previous week close defended,move back up to the daily congestion upper boundary. Closed the week above Y+1 and near week high.
Outlook 4 hour up trend established trying to breakout of the congestion zone. Clean breakout of B+1 will likely give us B+2. FBO against B+1 points to a drop back down to B-1 / Y-1 again.
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AUDUSD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Previous week close defended,move back up to the daily congestion upper boundary. Closed the week above Y+1 and near week high.
Outlook
4 hour up trend established trying to breakout of the congestion zone. Clean breakout of B+1 will likely give us B+2. FBO against B+1 points to a drop back down to B-1 / Y-1 again.
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