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AUD/USD Forecast October 27-31

From forexcrunch.com

AUD/USD was almost unchanged last week, closing at 0.8786. There are just four events this week, highlighted by PPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. Australian data met expectations and the RBA minutes showed highlighted continuing concern at the RBA with the high value of the Australian dollar. In the US, data was generally positive, with jobless claims and inflation holding on. However, New Homes Sales slumped in September, allowing the Aussie to recover ground on Friday. HIA New Home Sales: Thursday, Tentative. This index provides a snapshot of activity ... (full story)

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