#AUDUSD bearish outlook intact The pair is retreating for the - TopicsExpress

#AUDUSD bearish outlook intact The pair is retreating for the fifth consecutive session on Friday so far, erasing gains from the previous two weeks and back to fresh multi-year lows below 0.8900 the figure. Negative week for the pair, as mixed data from China, a more dovish stance from Governor Stevens and the recent dollar rally have all plotted to drag the AUD lower. Next big event for the Aussie will be next week’s RBA meeting where the chances of another rate cut have grown bigger recently.

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