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Technical Analysis: AUD/USD

The pair drooped below parity. A consolidation below this level would extend declines towards the...

 
The pair drooped below parity. A consolidation below this level would extend declines towards the 0.9860, 0.9660 supports or beneath ahead of the key 0.9385 support. However, a break back above parity could trigger a rebound towards the 200-Day SMA by 1.0330.
 
 

Edward Smith, technical analyst of company Admiral Markets.

At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.

 

 
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