Trading Edges That Last
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AUDUSD Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Spike low against Y-1 above Y-2 sent Aussie back up to Y-0 as expected. Going sideway since. Closed the week near Y-0 and above midpoint.
Outlook
Gold test of year low in progress and the outcome can dictate the next move in Aussie. If gold going for all out break down from the current level, Aussie will be the collateral damage with channel top resistance at B+1 and dropping down to B-2 target.
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