AUD USD Forecast for the Week 28th November, 2016
The AUD USD finished higher on Friday and for the week. Last week AUD USD had big swing from 0.7310 to 0.7468. Aussie’s boost can be attributed to the rising commodity prices as economic forecasts for Australia changed only a little. Let’s find the details of AUD USD forecast for the week of November 28th to December 2nd, 2016.
This week should bring more volatility to the AUD USD chart. On Tuesday, traders will be scrambling to identify the impact of the US preliminary GDP on the movement of the pair. Australian construction data will be released on Wednesday. On Thursday watch for the Australian private capital expenditure followed by the bunch of China’s manufacturing data. In the end of the week, traders will focus on the Australian retail sales, US average hourly earnings, non-farm payrolls and unemployment rate.
AUD USD Forecast: Technical Overview
Previous week close: 0.7444
Current Week Open: 0.7444
Today’s Market Range: 0.7433 – 0.7476
52 wk Range: 0.6824 – 0.7836
1-Year Return: 3.45%
Support and Resistance Forecast
S 1: 0.7428
S 2: 0.7412
S 3: 0.7395
R 1: 0.7460
R 2: 0.7476
R 3: 0.7493