AUDUSD May 12 to May 16 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 held up fine, rallied to Y+2 as expected. Struggle around Y+2 since. Closed the week below Y+2 and above midpoint.

Outlook
Reversal came right on time, giving us a nice measured run back up to the resistance zone. Will take some time to absorb this first move to stage the next leg up.

As long as Y+1 area acting as support, Aussie can go higher.

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