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AUD/USD Forecast Aug. 18-22

From forexcrunch.com

For a second straight week, AUD/USD showed little movement, as the pair closed at 0.9316. This week’s major events focus on the RBA. The central bank will release its Monetary Policy Meeting Minutes and Governor Glen Stevens is scheduled to testify before a parliamentary committee. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. Australian data was solid last week, led by a strong jump in NAB Business Confidence. In the US, key consumer indicators disappointed, as retail sales and consumer sentiment numbers softened in July. (full story)

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