{"id":69573,"date":"2015-03-15T21:16:07","date_gmt":"2015-03-16T01:16:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=69573"},"modified":"2015-03-15T22:19:31","modified_gmt":"2015-03-16T02:19:31","slug":"fundamentals-to-drive-the-audusd-this-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/03\/fundamentals-to-drive-the-audusd-this-week\/","title":{"rendered":"Fundamentals to Drive the AUDUSD This Week"},"content":{"rendered":"
March 15, 2015<\/div>
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By fxtimes.com<\/a><\/strong><\/p>\n

Technical Bias:\u00a0Bearish<\/strong><\/p>\n

The AUDUSD was little changed in Monday\u2019s Sydney session after plunging to six-year lows last Wednesday, as the markets turned their attention to a series of central bank announcements this week.<\/p>\n

The AUDUSD was trading at 0.7638, little changed from the previous close. Near-term support is offered at 0.7595. On the upside, initial resistance is likely found at 0.7697.<\/p>\n

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\"Screenshot<\/a><\/p>\n

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The\u00a0pair bottomed out at 0.7559 last Wednesday, the lowest level since May 2009. It would subsequently climb to 0.7717 on Thursday before giving back most of those gains on Friday.<\/p>\n

Below is a rundown of the Australian dollar\u2019s major news releases this week:<\/p>

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Free Reports:<\/p><\/div>\r\n

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Tuesday<\/strong><\/p>\n

The Reserve Bank of Australia\u00a0will publish the minutes of its March policy meetings, giving investors clues about how central bank officials\u00a0view the economy.<\/p>\n

Thursday\u00a0<\/strong><\/p>\n

The Reserve Bank of Australia\u00a0will release its quarterly Bulletin, which contain key articles about economic and financial developments in Australia.<\/p>\n

Friday<\/strong><\/p>\n

Reserve Bank of Australia Governor Glenn Stevens will speak at an American Chamber of Commerce in Australia luncheon in Melbourne.<\/p>\n

US Dollar & The FOMC<\/strong><\/p>\n

In the United States, the Federal Open Market Committee will issue a key rate statement on Wednesday. While the Fed is not expected to raise interest rates, policymakers are under pressure to begin normalizing monetary policy. This could prompt the Fed to drop the word \u201cpatience\u201d from its official rate statement, signaling that a midyear rate hike is still on the table.<\/p>\n

By fxtimes.com<\/a><\/strong><\/p>\n

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By fxtimes.com Technical Bias:\u00a0Bearish The AUDUSD was little changed in Monday\u2019s Sydney session after plunging to six-year lows last Wednesday, as the markets turned their attention to a series of central bank announcements this week. The AUDUSD was trading at 0.7638, little changed from the previous close. Near-term support is offered at 0.7595. On the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69573","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/69573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=69573"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/69573\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=69573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=69573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=69573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}