AUD/USD: The Australian was on track for a third straight weekly loss as speculators bet central banks of both countries could cut rates as early as next week. The Australian dollar was down 0.5 percent for the week on top of its hefty 1.7 percent loss the previous one. It was last trading at $0.6997 after falling below the key psychological support of $0.7000. The pair made intraday high at $0.7028 and low at $0.7010 levels. A consistent close below $0.7015 requires for downside rally.
Focus on U.S. NFP data for further impetus ahead of RBA rate decision.
Support levels – 0.6980 (trendline), 0.6966 (lower BB), 0.69
Resistance levels – 0.7022 (5-DMA), 0.7072 (converged 23.6% Fib and 21-EMA), 0.71
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