AUDUSD Dec 24 to Dec 28 Outlook

By News Robot

Lawrence’s Comment

Recap
Was looking for a drop but not as steep as what happened. Weak right from the beginning of the week failed to hold Y-0 points to a drop to Y-1. Got that in a day. Then it collapsed with rest of the majors against dollar. Closed the week at Y-2 and at week low.

Outlook
Wiped out the whole up move in 3 days since the start of the month. Lots of trapped bulls above Y-1. Even if Aussie is going to go higher it cannot just go straight up. So more weaknesses is expected until we get a bottom formation.

Share

  • You must be logged in to comment. Log in