AUD/USD continued to gain ground as it moved up about 70 pips this week, closing at 1.0373. The upcoming week is quite busy, with nine events. Highlights include Building Approvals and PPI. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. The aussie continued to improve against the greenback, as CPI was higher than expected,…
Posts Tagged ‘ AUD/USD Technical Analysis ’
AUD/USD Forecast Oct. 22-26
The AUD/USD enjoyed a strong rally, as the pair climbed about 150 points on the week, closing at 1.0373. The upcoming week has five events, with CPI the highlight. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. The Australian dollar benefited from some solid releases this week, as Home Loans and New…
AUD/USD Forecast October 15-19
After last week’s sharp drop, the AUD/USD enjoyed a quiet week, as the pair moved up slightly, closing the week at 1.0230. The upcoming week has seven events. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. Positive Australian employment numbers and a surprisingly strong Chinese GDP helped the aussie make a…
AUD/USD Forecast October 8-12
AUD/USD dropped almost two cents this week, as the pair fell below 1.02, closing at 1.0182. Employment Change is the major event of the week. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. The main catalyst for the aussie’s dive was the rate cut by the RBA, which…
AUD/USD Forecast October 1-5
AUD/USD was range-bound this week. The Australian dollar was down slightly, as the pair closed around the 1.0375 line. The upcoming week is very busy, with 12 events on the schedule. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. Economic data was mixed out of the US this week.…