The Australian dollar continued struggling and lost further ground leading into Easter. Will its fate turn around in the second quarter? Here are the highlights of the week and an updated technical analysis for AUD/USD.
Fears of a trade war actually waned ahead of the holiday, but the Aussie continued its downside slide. The RBA may like it. The continued drop of the pair mostly came from the American side: US GDP was upgraded to 2.9% annualized growth in Q4 2017, better than had been expected.
Updates:
AUD/USD daily graph with support and resistance lines on it.
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