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Australian Dollar Downtrend Remains Intact

Discussion in 'Technical Analysis' started by DailyFX_Team, Oct 1, 2015.

  1. DailyFX_Team

    DailyFX_Team Forum Member

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    Retail FX traders have most recently sold into the Australian Dollar bounce versus the US Dollar, but overall positioning remains heavily long and acts as a contrarian signal that the AUD/USD may continue lower.

    Read full forex technical analysis here...
     

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