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Australian dollar continues to trend lower vs its US counterpart for the fifth consecutive day, on track for the biggest weekly loss since the second week of April. Bears have so far retraced 50% of 0.6575/0.6798 upleg and look for daily close below daily Kijun-sen (0.6691), to reinforce bearish signal. Daily studies are weakening (fading […]

The post AUD/USD: On Track for Biggest Weekly Drop Since Mid-April appeared first on Action Forex.

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