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AUD/USD Forecast April 21-25
AUD/USD remains at high levels, but had an uneventful week, posting modest losses. The pair closed the week at 0.9329. This week’s schedule is light, highlighted by CPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In Australia, Business Confidence and New Motor Vehicle Sales both lost ground in March. Over in the US, Unemployment Claims looked sharp for a second straight week, but dovish comments by Fed chair Janet Yellen weighed on the greenback. Updates: AUD/USD graph with support and resistance lines on it. Click to enlarge: AUDUSD Outlook Apr21-25