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AUD/USD – Aussie Plunge Continues, 70 Line Next?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Australian dollar has posted sharp losses on Wednesday, as AUD/USD trades at 0.7070 in the European session. On the release front, there are no Australian events on the schedule, but we’ll get a look at Building Approvals and Trade Balance early on Thursday. In the US, there are a host of key events, highlighted by the FOMC Minutes and ADP Nonfarm Payrolls. It’s been a terrible start to the New Year for the Australian dollar, which has lost about 230 points since the start of the week and

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