The fragile Australian economy continues to struggle with the global slowdown and lower demand from China. In addition, the euro zone debt crisis is threatening to spill over into Australia by pushing up bank funding costs and causing European banks to reduce their exposure to Asia.

The Aussie had an  excellent week, reaching new highs without stopping. This week’s RBA meeting minutes, Chinese GDP and 5 other releases will set the direction of the Aussie. Here’s an outlook for the events that will move the Aussie, and an updated technical analysis for AUD/USD.