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AUDUSD Jun 30 to Jul 04 Outlook
Lawrence’s Comment
Another week of going nowhere as expected. Gold’s strength has helping Aussie to stay above Y-0 most of the week. Closed the week above Y-0 and midpoint.
Outlook
Reduced range with both Y+1 and Y-0 rejected decisively means breakout play. As long as Aussie is within the range of B+1 / Y+1 and B-1 / Y-0 the expectation is that Aussie will stay in the range.
Once Aussie can move out of the range, will take that as the direction for the next swing.
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