AUDUSD Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment

Recap
More consolidation actions as expected. Y-0 support and by the end of the week previous week close support sent Aussie gunning for Y+2. Closed the week above Y+1 and at week high.

Outlook
An up channel is now formed with channel top aligns with Y+2 / crime scene from Brexit. Test of channel top failure to breakout will give us a drop back down to channel bottom at B-0 and below.

Share

  • You must be logged in to comment. Log in