AUD/USD showed some movement in both directions, but closed the week unchanged. AUD/USD closed the week at 0.7743. It’s a quiet week ahead, with just three events on the calendar. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
In the US, the news was mixed as inflation slipped, while employment and manufacturing numbers beat expectations. The Federal Reserve statement was clearly dovish, which helped the Aussie hold its own last week. There were no numbers out of Australia last week, so the pair was largely dependent on US data.
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