Recap Aussie held the support zone mentioned last week. That helped Aussie to push through its resistance and reached Y+2 normal continuation target. Closed the week above Y+1 and midpoint.
Outlook Strength in Aussie is a gift from gold. Aussie was not stable at B+1. A pullback to B-1 is likely if Aussie cannot clear B+1 quickly early next week.
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
AUDUSD Jun 16 to Jun 20 Outlook
Lawrence’s Comment
Aussie held the support zone mentioned last week. That helped Aussie to push through its resistance and reached Y+2 normal continuation target. Closed the week above Y+1 and midpoint.
Outlook
Strength in Aussie is a gift from gold. Aussie was not stable at B+1. A pullback to B-1 is likely if Aussie cannot clear B+1 quickly early next week.
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