AUD/USD Forecast Dec 31 2012 – Jan 4 2013

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AUD/USD was rangebound last week in thin trading, and closed at 1.0368. There are five releases in the upcoming week. Here is an updated technical analysis for AUD/USD. There were no economic releases out of Australia last week, and US releases were mixed. The markets kept a close eye on the fiscal cliff in the US, but there was no progress to report, and AUD/USD had a very quiet week. AUD/USD graph with support and resistance lines on it. Click to enlarge: Private Sector Credit: Monday, 00:30. This indicator measures the value of new credit issued to businesses and consumers. The indicator fell ... (Read the full story)