AUD/USD posted sharp losses last week, as the pair slipped about 170 points and closed just above the 0.70 line. This week’s highlights are Building Approvals and Retail Sales. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
In the US, Yellen surprised with a relatively hawkish speech, and the week ended on a positive note as Final GDP for Q2 posted a strong gain. There were no major Australian releases last week.
Read the rest of the article AUD/USD Forecast Sep. 28-Oct. 2