AUDUSD May 30 to Jun 03 Outlook

Recap
As expected, broken to the down side first attempting to tag Y-2. The surprise was that a quick reversal happened before Y-2 was touched, pointing to the natural target of Y+1 in play. Rallied all the way to tag Y+1 and closed the week at the high zone.

Outlook
Outside week confirming strength at Y-1 level. These buyers are much longer term players whose buying action at Y-2 to Y-1 shocked the shorter term players. As long as B-0 acts as support, B+2 is the next stop.