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Rate took a minor move lower on the back.....>

AUSSIE
AUSSIE: Rate took a minor move lower on the back of the bearish China headlines,
but the losses were somewhat limited as the AUD/USD pair looks comfortable
either side of the $0.68 handle. Nonetheless, AUDUSD suffered a bearish session
last Thursday as strong selling pressure followed the break of trendline support
at 0.6830, drawn off the Oct 2 low. The clear break of this trendline represents
a short-term bearish development and signals scope for a deeper pullback. 0.6770
has been achieved, this is the 61.8% retracement of the rally between Oct 2 and
Oct 31. The 76.4% level is at 0.6732. Resistance is Thursday's high of 0.6841.

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