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Short

The AUSUSD finding selling pressure...looking for more to come!

FX:AUDUSD   Australian Dollar / U.S. Dollar
The Aussie Dollar came under pressure yesterday as the USD rallied and share indexes went into risk off mode. There will be more to come is shares get hit again as investors fear a selloff. The Aussie is stretched into the 0.7000 area and has held a lower high at 0.6975 which is evidence that new buyers are happy to watch from the sidelines for now. If sellers come in again to hold a lower level then a move below 0.6794 could be on the cards.

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