AUDUSD May 28 to Jun 01 Outlook

By News Robot

Lawrence’s Comment

Recap
Exactly as expected – failed to clear Y-0 and flushed to Y-2. Closed the week below Y-1.

Outlook
Still trapped inside the down channel. Second half of the week going sideway in the lower half of past week points to further weaknesses.

The problem is that how far can Aussie keep dropping like this.

I am looking forward for the sign that Aussie can w. spring soon. Flush below B-1 to near B-2 and immediately bounce back above B-1 is one such scenario. If we get one, Aussie can zoom back up to Y-0 / B+1 easily.

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