AUDUSD Apr 01 to Apr 05 Outlook

By News Robot

Lawrence’s Comment

Recap
More upside as expected. Consolidated around Y+1. Closed the week near Y-0 and below midpoint.

Outlook
First week long pullback. as long as Y-0 / B-1 acting as support, B-0 is in play. Clearing B-0 will give us another run to new high.

The strength in Aussie heavily depends on gold and gold does not look bullish at all on weekly. Beware of gold collapses suddenly which will in turn dragging Aussie lower.

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