AUDUSD Sep 10 to Sep 14 Outlook

Recap
Instead of a regular bottom, we got a flush first below Y-2. Then a mini double bottom on hourly started the short squeeze we’ve been looking for. After clearing Y-1, the target Y+1 was then in play. Closed the week above Y-0 and at the week high.

Outlook
This week a test of Y+1 is very likely.

If it is cleared quickly, then a consolidation around B+1 within Y-0 to Y+1 is a signal of continuation run to B+2.