AUDUSD Nov 04 to Nov 08 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected, Aussie moved lower to Y-2 and stopped when 100% absolute range expansion was reached. Closed the week near week low and below Y-2.

Outlook
Aussie followed the path of gold last week trying to discover a support. Aussie sort of found one but slipped thru at the end.

If Aussie / Gold can bounce of their respective B-1 with a buy setup, we are looking for a complete reversal back up to B+1.

Normal discourse will be continuation drop down to below Y-3 with B-2 target.

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