The Australian dollar showed some volatility last week, and gained 100 points. AUD/USD closed the week at 0.8024, its first weekly closing above the 0.80 level since mid-January. There are 9 events this week. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
The Australian dollar took advantage of strong Australian data last week, as NAB Business Confidence and Home Loans beat expectations. It was a disappointing week for US releases, highlighted by soft US retail sales.
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