AUD/USD: The latest break and close back below parity further solidifies our core bearish outlook and now opens the door for an acceleration of declines. From here wee see risks for a complete and full retracement back to the October lows at 0.9385 and any intraday rallies should now be very well capped below 1.0000 on a daily close basis. The next short-term level to watch below comes in at 0.9620 and we will see if the market can establish below over the coming sessions.
--- Written by Joel Kruger, Technical Currency Strategist
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