AUDUSD May 25 to May 29 Outlook

By News Robot

Lawrence’s Comment

Recap
FBO scenario played out. Easy drop to target by the end of the week. Closed the week below Y-1 and near week low.

Outlook
Daily up trend ended with FBO on weekly high is very bearish. This also signal a problem with gold. Consolidation after a move like this is likely with more downside expected.

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