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AUD/USD came under pressure on Thursday......>

AUSSIE
AUSSIE: AUD/USD came under pressure on Thursday against a backdrop of early USD
strength & a softer industrial metal complex, which saw the pair unwind its
domestic labour market report inspired boost, and more, although the cross did
manage to finish off of session lows, albeit still lower on the day.
- AUD/USD last trades at $0.7360, compared to Thursday's low of $0.7323.
- Topside hesitation ahead of the $0.7442-59 resistance region on Thursday
ensured focus remains on the YtD lows ($0.7311). Daily studies remain well
placed for a fresh leg lower. Bulls continue to look for a close above hourly
support from July 10 ($0.7459) to gain breathing room.
- Participants focus on next week's AU CPI release.
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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