AUDUSD Aug 03 to Aug 07 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie found support at Y-1 and bounced towards Y-0. Y-0 very strong resistance as explained last week which forced Aussie to retest Y-1. Y-1 spike reversal against Y-1 and popped back up to challenge Y-0 yet failed again. Closed the week below Y-0 and near midpoint.

Outlook
Stair step down trend points to more downside. Until Y-0 / B+1 turning into support down trend in strong.

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