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Extending losses

  • EURAUD breaks back above 1.56000, highest since the 6th Feb.
  • Most will look at 1.56632, the February high for initial resistance.
  • AUDUSD extends further south, still trading at its lowest level since the 6th Jan.
  • Next psychological support comes at 0.6800, followed by 0.6781 38.2% retracement of the Oct 13 - Feb 2 uptrend.

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