Aussie ended the week higher as the dollar weakened after the Fed minutes. Fed officials agreed to slow rate increases as the economy adapts to higher rates. Investors will keep an eye on the US jobs report next week. The AUD/USD weekly forecast is bullish as dollar weakness is set to continue amid optimism for a Fed pivot while eying key US data next week. Ups and downs of AUD/USD AUD/USD had a bullish week, with the main catalyst being the FOMC meeting minutes. At the Federal Reserve’s meeting earlier this month, a “substantial majority” of decision-makers agreed that it would “likely soon be appropriate” to halt the rate of interest rate increases. –Are you interested in learning more about spread betting brokers? Check our detailed guide- Officials were mainly confident they could raise rates in smaller, more deliberate steps as the economy adapted to more expensive credit, according to the minutes of the Nov. 1-2 Fed meeting. “A slower pace … would better allow the (Federal Open Market) Committee to assess progress toward its goals of maximum employment and price stability,” said the minutes released on Wednesday. Next week’s key events for AUD/USD Next week investors will receive important data from the United States, including GDP, consumer confidence, and nonfarm payrolls. These reports will shed light on the US economy, showing whether higher interest rates affect the economy. An analyst poll by Reuters indicated that the US economy likely added 200,000 new jobs, which would be the smallest gain since December 2020. Five of the last six jobs reports have exceeded expectations, and a sixth positive report could push Aussie lower. Get FREE Forex Signals Now! AUD/USD weekly technical outlook: Bulls eying a fresh high at 0.6900 Looking at the daily chart, we see the price trading above the 22-SMA and the RSI above 50, showing that bulls are in charge. Bulls have been in control since the price broke above the SMA. It has since respected the 22-SMA as support, showing a strong bullish trend. The price is currently trading between the 0.6778 resistance and the 0.6600 support. The bulls could not break above 0.6778 the first time, so they are giving it a second try. –Are you interested in learning more about AI trading brokers? Check our detailed guide- The price is currently paused at this key resistance level, and bulls need just a bit of momentum to push above. If the price goes above this level, the next target will be at the 0.6900 resistance level. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal AUD/USD Forecast share Read Next USD/CAD Weekly Forecast: Bears Dominating Ahead of Jobs Data Saqib Iqbal 2 months Aussie ended the week higher as the dollar weakened after the Fed minutes. Fed officials agreed to slow rate increases as the economy adapts to higher rates. Investors will keep an eye on the US jobs report next week. The AUD/USD weekly forecast is bullish as dollar weakness is set to continue amid optimism for a Fed pivot while eying key US data next week. Ups and downs of AUD/USD AUD/USD had a bullish week, with the main catalyst being the FOMC meeting minutes. At the Federal Reserve's meeting earlier this month, a "substantial majority" of decision-makers agreed that it… Regulated 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.