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. The economy continues to suffer from the global slowdown, and the grim situation in the Euro-zone is weighing on the the aussie.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/audusd-outlook-may-28-june-1/"]AUD/USD Outlook May 28 – June 1[/URL][/I][/B]
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