AUD/USD posted small losses last week, closing just below the 0.74 line. This week’s key events are the RBA’s policy minutes and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
In the US, President Trump’s firing of FBI Director James Comey set off a political firestorm. The controversial move has markets worried that the Administration may have to delay plans for fiscal spending and tax reform. The US dollar on the news but recovered quickly. In Australia, building approvals and retail sales disappointed with declines and missed their estimates.
Updates:
AUD/USD daily graph with support and resistance lines on it. Click to enlarge:
