AUDUSD Jul 01 to Jul 05 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected, Aussie stalled at the resistance mentioned last week and flushed back down to below Y-1. Closed the week near week low and below Y-1.

Outlook
Aussie has dropped relatively less than gold this time. It is a sign of strength. If B-1 down to B-2 can form a bottom, a run back up to B+2 is likely.

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