Some important news scheduled this week from Australia which could provide plenty of volatility on AUDUSD pair. Tomorrow we have RBA Rate Statement and on Wednesday Quarterly GDP and finally on Thursday Trade Balance from Australia & China.

As of lately we have seen some selling pressure on this pair and as such any dovish comments from RBA and weak GDP growth could take this pair down considerably.

From technical perspective the pair remain in a 200 pip range since beginning of May 2017. Price is approaching important Support turned Resistance level at 0.7500 and as such I would be observing price action around this level to determine future direction.

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