AUDUSD Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 resistance gave us a test of Y-1. FBO against Y-1 gave us reversal back up to Y+1. No surprises whatsoever. Closed the week near Y+1 and week high.

Outlook
FOMC announcement affected gold and in turn affected Aussie. FBO reversal likely have follow thru hence Y+2 / B+2 are in play. Strong resistance beyond that point.

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