AUDUSD Feb 23 to Feb 27 Outlook

By News Robot

Lawrence’s Comment

Recap
Bullish expectation was correct with up drift for a test of Y+1. But the weaknesses in gold put a brake on Aussie all week long. Closed the week at Y+1 and near week high.

Outlook
The up drift has to breakout Y+1 / B+1 quickly and stay above for the rally to continue. A parabolic run on 4 hours points to upside target of B+3.

Failing to clear or stay above B+1 points to a retest of B-1 / Y-0 in play.

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