AUDUSD Nov 09 to Nov 13 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie held previous week close and then bounced back up to resistance zone / channel top. Channel top confirmed as resistance with Y-1 in play. Y-0 resumed its role as resistance and pressed Aussie down to below Y-1. Closed the week below Y-1 and near week low.

Outlook
More down side is expected with Y-1 resistance. If Aussie can spike low above Y-2, a bounce to B-0 will be in play.

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