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Extends Weakness as Equities Dip at the Open

AUD
  • AUD extending losses in recent trade despite the apparent bottoming out of the e-mini S&P. AUD/USD now through support of 0.7384/90 and nearing Friday's low of 0.7360.
  • Downside similarly accelerated on the way through the 50-day EMA of 0.7398. Further weakness would alter the previously strong picture and expose 0.7324 next.

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