AUDUSD Nov 07 to Nov 11 Outlook

By News Robot

Lawrence’s Comment

Recap
Pull back as expected. Too fast so Y-0 could only hold this up for just a pause. Y-1 tagged before mid week. Springed back above Y-1 to close the week.

Outlook
Y+1 rejected decisively so clear resistance above Y-0. Interestingly, Aussie has found support below Y-1. Thus the pair is likely trapped between Y-0 to Y-1 until a breakout of this range.

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