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AUD Shorts In Play As CAPEX Report Fuels Selloff

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Nov 26, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Australian Dollar found concerted selling today as a highly negative CAPEX report crushed the currency. However, the move wasn’t a surprise to technical traders given that the AUD had entered a reversal zone and the pair now faces further selling that could see it falling back towards the lows[​IMG]

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