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Forex pairs in this Article » AUD/CAD, AUD/USD (San Francisco) - According to the Westpac Global Strategy Group, AUD crosses are telling us to expect further losses in AUDUSD. Westpac states that this week's data have risks that "seem to point towards disappointment", which "will arguably continue to weigh on AUDUSD and AUD crosses," it says.

As Westpac explains: "AUD/GBP is approaching important cyclical lows in the 0.62s. AUD/EUR is doing the same round 0.7800. AUDCAD is trading sub 0.9950 a level we have only seen on a couple of occasions in the last 18 months. If Australian data this week confirms our fears, we suspect we may spend some time below parity in the weeks ahead."

The data in question includes today's ANZ job ads, Tuesday's NAB business sentiment readings, Wednesday's Westpac consumer sentiment and Thursday's ABS jobs data.
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