The Australian dollar weakened during the week but was unchanged at week’s end. AUD/USD closed the week at 0.7808. This week’s highlight is PPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
In the US, there was some good news on the housing front, with existing home sales beating expectations. However, New Home Sales failed to keep pace and Durable Goods Orders were a mixed bag. Australian inflation data was steady and helped the Aussie hold its own this week against the greenback.
Read the rest of the article AUD/USD Forecast Apr. 27 – May 1