AUD/USD Weekly Forecast - 27 April - 01 May
Aussie was traded in a tighter range last week, mostly being traded between 0.77 handle and 0.78 handle. Pair tried to break decisively 0.78 handle few times but this area seems to offer plenty of resistance at the moment. As for next week we would pay attention to FOMC Meeting, US GDP data and Australian PPI figures. On a short-term basis, any type of resistive candles above 0.79 level would offer nice short-term selling
opportunity, though we believe that 0.78 handle should be quite resistive itself. On the other hand, supportive candles at 0.7750 handle and 0.77 area in extension would be short-term buying signal. On a long-term basis, buying is not an option as we are far from any area from where we can expect any significant bounce. 0.80 handle seems like a very top for this pair and it seems more likely that it will head towards 0.76 handle, given enough time.
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aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419