AUDUSD Nov 12 to Nov 16 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 did not hold Aussie down. Gold surged in beginning of the week. Good enough excuses to pop Aussie to Y+2. After tagging Y+2 normal upside target, however, the pair showed no strength at Y+1 and eventually drifted back down to Y-0. Closed the week below midpoint and right above Y-0.

Outlook
Holding Y-0 / B-0 zone means a retest of B+1 is in play.

Once B-1 is tagged, looking for B-0 to act as resistance with odds in favour of a flush to B-2 quickly.

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