AUD/USD had an uneventful week, as the pair finished the week almost unchanged. AUD/USD closed at 0.7190. It’s a very busy week, with 15 events on the schedule. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
US economic indicators were a mix last week. Unemployment claims dropped sharply, as the US labor market remains strong. However, housing and consumer data missed expectations. Still, the US economy is in good shape so a rate hike in December remains a likely possibility.
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