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AUD/USD – Aussie Sharp Losses to Start 2016

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Australian dollar has posted slight losses on Tuesday, as AUD/USD trades at 0.7170 in the European session. On the release front, the lone US event is Total Vehicle Sales. Australia will release the AIG Services Index. There hasn’t been much cheer for the Aussie as we start the New Year. AUD/USD dropped over 100 points on Monday, the first trading day of 2016. The sharp drop was largely due to a disappointing reading from Chinese Caixin Manufacturing PMI. The key indicator slipped to 48.2

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