AUDUSD Jun 16 to Jun 20 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie held the support zone mentioned last week. That helped Aussie to push through its resistance and reached Y+2 normal continuation target. Closed the week above Y+1 and midpoint.

Outlook
Strength in Aussie is a gift from gold. Aussie was not stable at B+1. A pullback to B-1 is likely if Aussie cannot clear B+1 quickly early next week.

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