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AUD/USD Likely Poised For Downtrend Continuation Towards 0.7000

Discussion in 'Technical Analysis' started by Kaitlin, May 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    AUD/USD has been falling in a sharp downtrend for the past month from its late April high above 0.7800. The initial drop was accelerated after a surprisingly low Australian inflation (CPI) reading was released near the end of April and then was followed up in early May by a Reserve[​IMG]

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