AUDUSD Nov 03 to Nov 07 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie rushed to Y+2 and rejected decisively. Dropped back down to Y-0 and bounced. Failed to clear the breakout boundary since. Closed the week near Y-0 and below midpoint.

Outlook
As explained last week, whiplash is expected and we’ve got the upside completed. Now as long as B-0 / Y+1 acting as resistance, we get Y-1, Y-2 quickly with target Y-3.

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