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AUDUSD Update, Aussie Remains Vulnerable

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    AUDUSD, Daily AUDUSD remains under pressure as the AUD remains vulnerable to the global commodities prices and the high demand for the U.S. Dollar, in the wake of the recent U.S. interest rate hike. Technically, I have been calling for the AUDUSD to drop in my recent reports. Since price has made a clean break of the 0.7080 key support; this has opened up the prospects for a long term downtrend to take shape for a medium term price target near the 0.7070’s

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