AUDUSD Nov 25 to Nov 29 Outlook

By News Robot

Lawrence’s Comment

Recap
A forced rally early in the week due to the bull trap from gold tagged Y+2 but it did not last. The dirty bottom at Y-1 was retested as expected and blasted through. Aussie flushed down to Y-3. Closed the week near Y-3 and week low.

Outlook
Just like gold itself, Aussie just cannot build a bottom in the middle of nowehre. More downside is expected.

Until Aussie can stage a bottom setup at B-1, not looking for long.

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