AUDUSD Nov 14 to Nov 18 Outlook

By News Robot

Lawrence’s Comment

Recap
Aussie looks awfully like euro dollar these past 2 weeks. Bear flag selloff below Y-1 yet finding support below Y-1 and bounced back above Y-1 to close the week.

Outlook
The news shock from euro zone sent everything into a tailspin midweek last week but that does not change the outweek by the end of the week as aussie recovered.

Aussie is still stuck in the prescribed range of Y-1 / B-0 upto Y+1. It is not trending.

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