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The aussie decline looks set to continue

The aussie decline looks set to continue
The selling today is in part to do with the poor Australian jobs report earlier here. But it also comes against the backdrop of a firmer dollar from yesterday and with growing concerns over the Chinese economy and a flailing yuan currency as well.The daily break below 0.6500 and confirmation break below the May low of 0.6458 has been a technical trader's dream so far when viewing AUD/USD. And it builds on the factors driving the move since last week as highlighted previously:The chart above sugg... Read More
Posted: Aug 17 2023, 04:34
Author Name: forexlive
Views: 092046

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