The AUD/USD took another step in the bearish direction this week, falling below the October consolidation range. It started last week when the FOMC announced the end of QE, and AUD/USD fell from the consolidation resistance around 0.89. This week, AUD/USD continued lower after a slew of economic data, which were middle of the road and nothing very surprising. The RBA held its official cash rate at 2.50%, and is due to release its RBA interest rate statement during the 11/7 Asian session. This is the the next fundamental factor for the AUD/USD, but Friday’s NFP might be even more important from the USD-side. The 4H ... (full story)