AUDUSD Dec 08 to Dec 12 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie dropped to target as expected. Very orderly, no complex move to deal with. Closed the week below Y-2 and at week low.

Outlook
Aussie is developing a falling wedge / thin channel that cannot last. A flush type move without tagging B-2 follows by a quick snap back above B-1 will produce a short term bottom with upside target of B+1.

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