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Free AccessAUD remained weak in early dealing...........>
AUSSIE: AUD remained weak in early dealing Tuesday, and traded within 15 pips of
the year's lows ($0.7041) against the USD, before the recovery in equities
allowed AUD/USD to bounce.
- The rate last deals at $0.7090. Immediate focus for the pair will likely fall
on Chinese equity market performance/broader risk sentiment.
- From a technical perspective AUD/USD continues to grind gradually lower, but
the Oct 8 low at $0.7041 continues to hold, a break below would open up a move
to the key psychological $0.7000 level. Bulls need to recover the Oct 17 high at
$0.7160 to improve their outlook.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.