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AUDUSD Dec 09 to Dec 13 Outlook
Lawrence’s Comment
No strength to push above Y+1, lower prints happened. Pretty much as expected. The more interesting part is that gold has broken its daily down trend by the end of last week giving Aussie some holding strength. Closed the week above Y+1 and midpoint.
Outlook
As long as Aussie can hold Y-1 , a rally back up to Y+1 and then B+2 is due.
If Aussie fails to hold above B-1, another strong slide down to B-3 will be triggered.
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