AUDUSD Jul 15 to Jul 19 Outlook

Recap
Aussie caught me offguard last week. It bounced off Y-1 and held Y-0. That gave us a go for Y+1 and the Y+2 target. Yet, FBO above Y+1 sent Aussie back down to Y-0 and eventually Y-1. Closed at Y-1 and below midpoint.

Outlook
Equal distance expansion above and below previous week boundaries. Closed within the boundaries. Midpoint near Y-0. All points to potential range bounded market for prolong period of time. A base could be building but the original conjecture from last week is invalidated.

This week as long as B-0 is acting as resistance, B-1 will be retested.