AUDUSD May 20 to May 24 Outlook

Recap
Gold did not give Aussie a chance at all. As gold weaken again, Aussie failed to hold Y-1 and gave us the continuation target of Y-2. Flushed thru Y-2 late in the week. Closed the week near week low and below Y-2.

Outlook
Aussie needs gold to hold or this selloff will continue.

B-0 / Y-1 is now strong resistance zone. If Aussie spike lower early this week and snap back above B-1, a run towards the resistance is expected.

Without that, looking for consolidation around B-1.