AUD/USD Weekly Forecast – 14 September – 18 September
Aussie managed to rebound in the course of the last week, as there were no major data releases and with traders being cautious ahead of next week's Fed interest rate decision. Pair broke above 0.70 handle, and tried to break above 0.71 area, but this level was just too much of a struggle for the pair at the moment. As for next week, focus will be on US CPI data and Fed interest rate decision. Any type of resistive candles around
0.72 handle should offer nice short-term selling opportunity, while supportive candles around 0.6950 and 0.69 level would be short-term selling signal. In long-term trends, we have no interest in buying this pair as we believe that there is plenty of resistance around 0.72 handle which extends all the way to 0.73 area. Also, we believe it is best to avoid any larger bids ahead of Fed interest rate decision. However, if we see break below 0.69 handle pair could head towards 0.67 handle given enough time.
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gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
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ppi93
rba91
resistance71
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trade balance108
uk188
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