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AUDUSD look to test the December low

  • AUDNZD is approaching the August double bottom at 1.0420 (printed on the 17th and 23rd of August)
  • Regardless, initial target is at the December low 1.0418, where market participants faded the move so far this Month.
  • A break below the latter sees levels last reached since the 13th April 2020

Chart source: Bloomberg

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