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AUD/USD is benefitting from a much...........>

AUSSIE
AUSSIE: AUD/USD is benefitting from a much stronger than expected AU trade
balance release.
- The headline saw a much wider than expected surplus of A$3.017bn, with the
prior revised up to A$2.342bn from A$1.604bn.
- AUD/USD has breached $0.7100, last $0.7106, representing session highs. Bulls
need to recover the Oct 17 high at 0.7160 to improve the short-term outlook,
targeting the 0.7200 level and bear channel top.
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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