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AUD remained weak in early dealing...........>

AUSSIE
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.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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