AUD/USD Forecast: Head & Shoulders figure about to be confirmed

The AUD/USD pair finished the week a couple of pips above the 0.7600 level, down for a third consecutive week. The pair managed to bounce on Thursday from a fresh 2021 low of 0.7531, but decreased volumes on Good Friday left it confined to a tight range throughout the last trading day of the week. US stocks futures surged at the end of the week following upbeat US employment data, limiting AUD/USD downside. As it happens in Europe, several Asian countries, including Australia and New Zealand, celebrate Good Monday, with local markets closed. However, Australia will publish the March AIG Performance of Construction … (full story)

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