AUD/USD softened late in the week, and lost about 80 points over the week. The pair closed the week at 0.7746. It’s a busy week ahead, with just 11 events on the calendar. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
In the US Final GDP posted a slight decline, but housing numbers were strong, and the week ended with excellent consumer sentiment data. The Australian dollar softened on weak Chinese manufacturing numbers.
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