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AUD/USD Poised For Further Potential Weakness

Discussion in 'Technical Analysis' started by Kaitlin, May 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    After dropping below key support around 0.7350 on Monday, AUD/USD bounced back slightly above that level on Tuesday, helped along by a modest rebound in key commodities including gold. However, overall pressure on the currency pair remains, in light of recent economic and central bank developments that have significantly dimmed[​IMG]

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