AUDUSD Dec 26 to Dec 30 Outlook

By News Robot

Lawrence’s Comment

Recap
Bullish scenario happened where Y-0 was taken out quickly. Y+1 target reached. Stalled back down to Y-0. Closed the week above midpoint.

Outlook
Strong reaction at Y+1 indicates strong resistance zone encountered.

As long as B-0 acts as support, a good chance that B+1 will be taken out with B+2 target.

Share

  • You must be logged in to comment. Log in