AUDUSD Feb 17 to Feb 21 Outlook

By News Robot

Lawrence’s Comment

Recap
Gold held up fine and moved higher, that gave Aussie strong support to consolidate around Y+1. Closed the week above Y+1 and midpoint.

Outlook
As long as gold can continue to drift up, Aussie will be in good shape to challenge B+2.

A rare case scenario is that Aussie reverses sharply lower without breaking B+1, breach of B-1 will produce a quick flush down to B-3 / Y-1 area.

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