AUD outlook next week april 2-6 2012

forex trading outlook today AUD outlook next week april 2-6 2012, aud prediction april 2 2012, aud forcast next week april 2-6 2012 ; AUD/USD in on the verge of closing lower for a second consecutive week this Friday in North America, having traded down 3.4% in March to 1.0360, trimming first-quarter gains to 1.5%.

“The AUD/USD bearish trend is set to extend over the upcoming week, as the pair points for a weekly close below the 1.0400 mark,” comments Valeria Bednarik, Chief Analyst at FXstreet.com. “A recovery above 1.0420 may help the pair correct higher towards 1.0460/80 area, yet as long as below 1.0500, the bearish tone will prevail in the short and the long term.”

In the week ahead, the Reserve Bank of Australia is likely to leave its key interest rate unchanged at 4.25%. The minutes of the last meeting in March show that, for now, the Bank does not expect any major impacts on the Australian economy stemming from the global risks and particularly the euro zone sovereign debt crisis.

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