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Australian dollar lower as risk goes off and stocks are sold

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Quick Recap Down, down, prices are down. That’s the bad news for the stocks and risk bulls this morning as the reverberations of the Chinese data release yesterday and the fact that the global rally has run out of puff combined to see the sellers take the upper hand again. Weakness in stocks across Asia yesterday filtered into European trade and infected sentiment in the US. That’s hurt risk assets with the Australian, Kiwi and Canadian dollars all lower. Likewise Crude oil is off again and

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