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Back Fundamental analysis
AUD/USD: black patch for AUD
The Australian dollar against the US
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The Australian dollar against the US currency is testing the 0.68 figure for the second day running, sliding toward three-month price lows. The greenback is leading the southward move as it strengthens across markets on rising hawkish expectations for further Fed action. The Aussie is also contributing to the downside after a weak inflation report and mixed Australian labor market data. That gives bears a good chance to break support at 0.6890 (the lower line of the Bollinger Bands on
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Irina Manzenko,
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Irina Manzenko
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