AUD/USD Forecast Oct. 26-30/10/2015
AUD/USD posted modest losses last week and closed just above the 0.72 line. This week’s key event is CPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
The US dollar received some support last week from positive US data, as home sales and jobless claims beat their estimates. Chinese GDP edged lower to 6.9%, but the Australian dollar emerged unscathed, as this figure was higher than the estimate of 6.8%.
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