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AUDUSD moving towards next resistance

AUD
  • AUDUSD is slowly moving towards the next resistance seen at the 0.6747 area, the short term 76.4% retrace of the July/October fall.
  • Risk On tone and lower Yields have kept the lid on the Dollar and have been supportive factors.
  • GBP, NZD, AUD and NOK in that order are the best performers in G10 against the Greenback.

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