The Aussie continues to stumble, as AUD/USD posted losses for a third straight week. This week’s key event is the RBA minutes. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. Policymakers confirmed that they were taking a pause from rate cuts, as there was a case to “wait and assess the effects” of the recent rate cuts. Nevertheless, policymakers were “prepared to ease monetary policy further if needed”, a sign that the RBA could resume cutting rates early next year. In the U.S., the Fed said that it would take a break from recent rate cuts unless there was a significant change in economic conditions. The rate cut in October was considered hawkish, as the Fed took pains to reassure investors that the U.S. economy was in good shape, despite the rate cut. The minutes noted that U.S. economic conditions were generally positive, with an outlook of moderate growth, a robust labor market and inflation close to the Fed’s target of 2 percent. AUD/USD daily graph with support and resistance lines on it. Click to enlarge: Construction Work Done: Wednesday, 0:30. The construction sector continues to contract. as the indicator has rolled off four consecutive declines. Another decline is expected, with an estimate of -1.0%. Private Capital Expenditure: Thursday, 0:30. Business investment has sputtered, with the indicator posting four declines in the past five quarters. The forecast for Q3 stands at a flat 0.0%. Private Sector Credit: Friday, 0:30. Credit levels have posted gains of 0.2% for three straight months. The forecast for November is 0.3%. Chinese Manufacturing PMI: Saturday, 1:00. The U.S-China trade war has taken its toll on the Chinese manufacturing sector. The manufacturing PMI has failed to push above the 50-level, which separates contraction from expansion, since April. Another contraction is expected in November, with a forecast of 49.5 pts. *All times are GMT Technical lines from top to bottom: 0.7165 has held firm since early April. 0.7085 has held since July. This is followed by 0.7022. 0.6960 is protecting the symbolic 70 level. 0.6865 (mentioned last week) is next. 0.6744 is an immediate support level. 0.6686 was tested in early November. 0.6627 has held in support since March 2009. This is followed by 0.6532 0.6456 is the final support level for now. . I remain bearish on AUD/USD Recent interest cuts have not yet trickled down and boosted the Australian economy, leaving consumers and the business sector apprehensive. A trade deal between the U.S. and China remains elusive, which is weighing on investor risk appetite. Follow us on Sticher or iTunes Further reading: EUR/USD forecast – for everything related to the euro. GBP/USD forecast – Pound/dollar predictions USD/JPY forecast – projections for dollar/yen USD/CAD forecast – Canadian dollar analysis Forex weekly forecast – Outlook for the major events of the week. Safe trading! Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher AUD/USD ForecastMinorsWeekly Forex Forecasts share Read Next GBP/USD Forecast Nov. 25-29 – Soft PMIs send pound lower Kenny Fisher 2 years The Aussie continues to stumble, as AUD/USD posted losses for a third straight week. This week's key event is the RBA minutes. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. Policymakers confirmed that they were taking a pause from rate cuts, as there was a case to "wait and assess the effects" of the recent rate cuts. Nevertheless, policymakers were "prepared to ease monetary policy further if needed", a sign that the RBA could resume cutting rates early next year. In the U.S., the Fed said that it would take a break from recent… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.