AUDUSD Sep 08 to Sep 12 Outlook

Recap
Y-0 failed to hold Aussie, got the flush to Y-1. Y-1 found support, zoomed back up to Y+1. Strong reaction to Y+1 yet midpoint of week acted as support. Closed the week near Y+1 and above midpoint.

Outlook
Outside week yet above Y+1 was rejected strongly. If Aussie cannot clear B+1, will lead to a drop back down to B-0 / Y-0 quickly.

Gold’s indecision to move higher has contributed to the flip-flop behaviour in Aussie.