AUD/USD posted its strongest weekly gain since March, jumping 120 points. The pair closed the week at 0.7415. This week’s highlight is NAB Business Confidence. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
In the US, NFP was slightly below expectations, which means the guessing game about the timing of rate hike by the Fed will continue. Australian employment numbers were excellent, helping the Aussie post gains late in the week.
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