AUD/USD continues to struggle, as the pair trades at six-year lows. AUD/USD lost 50 points and closed the week at 0.7370.There are six releases this week. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
In the US, retail sales was dismal and consumer sentiment fell short, but the greenback managed to post more gains. Australian Consumer Sentiment posted another decline, and the Chinese trade surplus was smaller than expected. However, Aussie losses were limited as Chinese GDP remained steady.
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