AUDUSD Apr 06 to Apr 10 Outlook

By News Robot

Lawrence’s Comment

Recap
Bad data from last week is messing up the chart. Notified my staff to look into this.
Tight range breakout to the downside. Y-3 target tagged and found support there. Closed the week below Y-2 and midpoint.

Outlook
As explained last week, Aussie is affected by what is happening in Yemen indirectly due to the wild swings in gold. That has carried over last week and likely to continue this week.

On chart pattern basis only, weekly down leg in the making.

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