AUDUSD Jan 16 to Jan 20 Outlook

By News Robot

Lawrence’s Comment

Recap
Retested Y+1 as expected. Then pullback to midpoint of the week. Closed the week above midpoint.

Outlook
Congestion between B-0 to Y+1, or, breakout to B+2 in play.

A less likely scenario is that Aussie breaking B-0 quickly, then looking for a drop to at least B-1 with B-2 in play.

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