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AUD/USD Slides To Key Downside Target

Discussion in 'Technical Analysis' started by Kaitlin, Jan 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    AUD/USD has been under critical pressure since the beginning of the week (and New Year) as China's financial and economic troubles have weighed heavily on the China-linked Australian dollar. This pressure has culminated in the currency pair breaking down below an important uptrend support line extending back to September's 6-year[​IMG]

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