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AUD/USD Forecast July 22-26

From forexcrunch.com

The Australian dollar rose close to one cent on the week, closing at 0.9170. This week’s highlight is CPI. Here is an outlook of the events and an updated technical analysis for AUD/USD. AUD/USD jumped sharply after the RBA minutes pointed to some weakening of the central bank’s easing bias. The pair climbed close to the 0.93 line, but could not consolidate and retracted below the 0.92 level. AUD/USD graph with support and resistance lines on it. Click to enlarge: AUD USD Forecast July 22-26 CPI: Wednesday, 1:30. CPI is the most important consumer inflation indicator, and is released each quarter, magnifying its ... (full story)

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