AUDUSD May 14 to May 18 Outlook

By News Robot

Lawrence’s Comment

Recap
Tagged target right at the start of the week and bounced. That opened the door to Y-2 as it failed to pop above the resistance area stated last week. Y-2 tagged and closed the week near its low and Y-2.

Outlook
Closed right at critical price level. This coming week will determine if Aussie can snap out of this down trend.

A flush to B-2 and quickly snap back above B-1 will set the stage for rally back up to B+1 and B+2.

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