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AUDUSD Mar 04 to Mar 08 Outlook
Lawrence’s Comment
Did not get the upside breakout I am looking for. Aussie failed to push higher and slided down to below Y-1. Pullback failed to clear Y-0 and selloff from there. Closed the week below Y-1 and near week low.
Outlook
Gold has been in a wild ride last week and that prevented Aussie from forming a base.
Gold is sitting at its long term support zone right now. If it fails to hold this current level there is no support in sight within $100. So pay attention on gold for clues if Aussie is going to bottom out this week.
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