AUDUSD Dec 05 to Dec 09 Outlook

By News Robot

Lawrence’s Comment

Recap
Similar to loonie, aussie produced biggest reaction among the majors from the intervention by the central banks due to its metal currency behaviour. The Y+1 breakout to Y+2 and Y+3 play worked out very well according STOPD. Closed the week at Y+2.

Outlook
Intervention effects do not last. Unless the central banks planned a 2nd assault on the worldwide markets this week, a slow drift back down to B-0 is very likely.

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