Hi friends a new week is coming and here are some insights of what to expect in this pair aud/usd
There are a few economic news for the aussie this week.

1. Monetary Police meeting Minutes: Published tuesday 1:30 GMT

2. Ric Battelino Talks: tuesday at 2:30 GMT he might speak about the situation.

3- MI Leading Index: Published Wednesday at 0:30 GMT Another strong rise is expected this time.

4. Housing Starts: Publised on Wednesday at 1:30 GMT It expected to rise, not so strong like last time.

My technical analysis: The aussie drop last week and now is bound between 0.8360 and 0.8567, which is a strong resistance. If the pair break above this the next target is 0.8735, that is a minor resistance, is follow by 0.88.
Looking down if the pair break below the next support is at 0.8240 and its followed by 0.8066. I continue to go bullish.

Have a great week and I hope you are one step closer to your financial dreams.

Maria
www.fx-megaforex.com
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