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AUD finds its feet as greenback retreats

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Australian dollar has continued a slow and steady ascent in the local trading, recovering from lows of 78.58 US cents overnight. A stronger dollar and weaker commodities prices saw the Aussie kick off the week under pressure falling around half a cent before a bit of relief in US trading. The greenback appears to have lost its sheen coinciding with manufacturing data in the U.S which fell short of expectations. A preliminary reading of Markit Manufacturing PMI dropped to a reading of 52.6

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