AUDUSD Sep 02 to Sep 06 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected Aussie cannot even tag Y-0 and sold off back down to Y-1. Struggled around Y-1 in 2nd half of the week. Closed the week below Y-1 and near week low.

Outlook
Pressed down by 2 factors – Strength in US dollar due to backdrop of war looming and potential exhaustion in gold rally.

Key level remains at 0.9 right above B-0. If Aussie successfully pops higher above B-0 early next week, a run back up to B+1 / Y-0 should not be a problem.

As long as the 0.9 / B-0 zone is not breached, more downside for Aussie likely. B-2 very likely to be tagged this week.

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