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KQMarkets

AUDUSD - Still Short Despite Positive Data

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
KQMarkets  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Fibonacci Beyond Technical Analysis AUDUSD short
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supportandresistance fibonacci beyondta audusd short
We still see AUDUSD moving lower despite the bounce on the back of positive Australian jobs data 28.9K vs 10K forecast. We now anticipate the currency pair to consolidate below key support at around 0.685 in the coming trading sessions as we wait US Durable Goods Orders and US Consumer Confidence on Tuesday.
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