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AUD/USD Forecast Feb. 23-27

From forexcrunch.com

The Australian dollar posted modest gains last week, as AUD/USD closed at 0.7836. This week’s key event is Private Capital Expenditure. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. The RBA minutes reiterated concern about the health of the Australian economy. In the US, the Fed minutes were dovish in stance, as policymakers raised concerns that a rate hike might hurt the US recovery. Unemployment claims dropped sharply, but manufacturing numbers disappointed. Updates: Construction Work Done: Wednesday, 00:30. This event is released each quarter, magnifying the impact of ... (full story)

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