AUDUSD Dec 02 to Dec 06 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected, Aussie dropped below B-1. Since then it has consolidated around 50% previous week range. Closed the week below Y-1 and midpoint.

Outlook
Until Aussie can stage a strong reversal rally back above B+1, it is likely to continue its down trend.

Mentioned in MBO newsletter the condition for gold to go higher. Once gold has its down trend broken, Aussie can rally back up higher.

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