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AUD/USD Outlook May 28 – June 1

posted by Avatar forexcrunch 363 days ago in USD, AUD, Technical made popular 362 days ago

The Australian dollar managed to hold steady this week, but has still lost around six cents against the US dollar in the month of May. The upcoming week is quite busy, with nine releases. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD.

AUD/USD has dropped sharply since the recent deep interest rate cut.
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