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APAC Currency Corner – China Retail Surprise

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Aussie dollar resilient The Aussie received support from yesterday’s Australian employment data. The uptick in price action came despite what seems to be an “ annual “ pre-budget debt rating warning issued by rating agencies . . The strong employment print has taken some sting out of near-term rate cut expectations. But despite some constructive price action, the pair failed to extend gains convincingly above the critical .7725 level. The resistance is likely due to the proximity

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