AUD/USD: What cannot go up must come down? Critical 7 days for the Aussie

The Australian dollar had positive prospects and some solid data but was not able to advance above resistance.

The Australian dollar had positive prospects and some solid data but was not able to advance above resistance. Is it vulnerable to falls now? A lot depends on the RBA decision and the accompanying statement, and before this event, we face a string of top-tier data not only from Australia but also from China. We examine the big events as well as AUD/USD support and resistance lines.

Special video about a busy week for the A$:

(Video length 00:07:15)

 

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