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Extending its decline

AUD
  • AUD remains deep in the red against all majors, on the back of the Dovish RBA overnight., Australian yields dipped lower after the CB scrapped its 3yr Yield target.
  • In G10s, JPY is the best performer versus the latter, up 1.10% (In EM Rand is up 1.15%).
  • Further downside extension in AUDJPY eye a test at the 22nd October low at 84.609.
  • AUDUSD is near immediate support at 0.7454 Low Oct 22

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