AUDUSD Nov 18 to Nov 22 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie dropped down to Y-2 as expected. Tight range at 50% previous week range. Multiple tried in real-time to bounce higher yet previous week close held it down. Closed the week near Y-1 and above midpoint.

Outlook
Consolidation with heavy bottom means the sell off is not over yet. As long as B+1 to Y-0 is acting as resistance it is not the time to pick bottom yet. A retest of B-1 is likely.

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