AUD/USD surged last week, gaining close to 300 points. The pair closed at 0.7329. This week’s highlights are NAB Business Confidence and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
The Australian dollar enjoyed a banner week, taking advantage of the dovish Federal Reserve minutes. Australian releases were uneventful. In the US, Services PMI and Trade Balance were weaker than expected. Jobless claims beat expectations, but this wasn’t enough to blunt spectacular gains by the Aussie.
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