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Looking to Sell Aussie

Looking to Sell Aussie

Joel Kruger, Technical Strategist

The recent break below key support at 1.0595 opens the door for additional setback over the coming days and also signals some for of topping in place. Any rallies should therefore be used as formidable sell opportunities and we like the idea of selling between 1.0650 and 1.0750 in anticipation of renewed weakness below 1.0500 and towards 1.0300 further down. Ultimately, only above 1.0850 negates.

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