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AUD/USD: Bearish pattern leaves traders on edge ahead tonight's key Chinese data

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    All is quiet on the Western front with US traders out of the office on the annual Martin Luther King bank holiday. Markets are predictably subdued amidst the lower liquidity conditions, with most risk assets seeing oversold bounces or at least consolidating after getting massacred the first two days of the week. One currency pair that has proverbially “took one on the chin” so far this year is AUD/USD. After starting the year up around .7300, the Aussie has fallen by over 400 pips to hit a

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