The news from Australia in the intervening week were neutral. There was no new guidance from the RBA, however the employment data came in a mixed bag. A rise of 34,700 in employment well above expectations of 5,000 but all deu to the gain in part time jobs, while full time fell more than expected.
The next week has very little market driving news. The AUDUSD pair is expected to spend the week in the contracting triangle. Still the pair direction to be confirmed by a break of the trendlines.
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