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AUDUSD: (Bearish on AUDUSD) AUDUSD closed the week at 0.7562 after a drop of 90pips from 0.7652.

The next strongest technical support is at 0.7378/34 range and it is expected that the price will hit this technical support line this month.

Fundamental events that will have a significant impact on the price movement this week includes:

Tue Nov. 21 (West Central Africa)

1:30am

AUD

 

Monetary Policy Meeting Minutes

4:50am

AUD

 

RBA Assist Gov Bullock Speaks

10:05am

AUD

 

RBA Gov Lowe Speaks

4:00pm

USD

 

Existing Home Sales

Disclaimer: Comments expressed here do not reflect the opinions of EGFPlatform or any employee thereof.

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