AUDUSD Dec 22 to Dec 26 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected the consolidation led to further weaknesses and that the downside target of Y-2 was tagged. Aussie went sideway since. Closed the week near Y-2 and below midpoint.

Outlook
Holiday trading points to tight range and noisy movements in smaller timeframes. It will not be a surprise to see an expanded horizontal move between B-1 upto B+2. It is not necessary a change of direction. It is more like big time bears need to close their books for profit booking purpose.

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