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AUD/USD has extended losses, albeit very.....>

AUSSIE
AUSSIE: AUD/USD has extended losses, albeit very slightly, in the wake of the
release of the latest RBA minutes and Australian house prices index. The rate
last deals at $0.6853, 12 pips worse off.
- The minutes reiterated the RBA's preparedness to trim its cash rate further if
needed to stimulate employment and a flow through to a pick-up in consumption
spending and inflation. Meanwhile, Q2 house price index declined both on a Y/Y
and Q/Q basis, but by a slimmer margin than expected.
- The Sep 10 & 11 lows, coinciding at $0.6849, have provided support thus far.
Should the rate recede below that level, bears would target the 38.2% fibo
retracement of the Jul-Aug slide, located at $0.6832.

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