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AUDUSD testing new intraday low

USD
  • AUD remains under pressure, initially on the RBA decision overnight, but in tandem with the drift lower in Risk, since the EU cash open.
  • In terms of Technical, support is at 0.6623 Low Jul 28 and a bear trigger.
  • Main focus is of course on NFP/AHE on Friday this week, with the RBA out of the way.
  • As desk mentions, seasonally, 16 of the past 20 Augusts have been negative for the Aussie.

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