After a brutal month of May, the Australian dollar roared back, gaining about 260 pips against the US dollar, as the aussie even touched above parity. The pair closed the week just above the 0.99 line, at 0.9907. The upcoming week is very quiet, with just three releases. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD.
The Australian dollar was buoyed by some excellent economic data. GDP jumped 1.3%, its best result in four years. As well, Employment Change was well above the market forecast. The markets shrugged off some of the weaker releases, such as the rise in unemployment.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/audusd-outlook-june-11-15/"]AUD/USD Outlook June 11-15[/URL][/I][/B]
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