AUD/USD Forecast May 29-June 2 quoting : "forexcrunch"

Over in the US, the Fed rate statement was more dovish than expected, which weighed […] The post AUD/USD Forecast May 29-June 2 appeared first on Forex Crunch. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. AUD/USD was unchanged last week, closing at 0.7439. There were no major events out of Australia last week. This week's key events are Private Capital Expenditures and Retail Sales.


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The pair dropped sharply late in the week, hitting a low of 1.2773, testing support at 1.2775 (discussed last week). Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD. GBP/USD dropped sharply last week, dropping 230 points. The bombing in Manchester has thrown a wrench into the British election, as the Conservatives' lead has been cut sharply. Although Theresa May is expected to form a majority government, the pound plunged in response to the latest opinion polls.


collected by :John Miller

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