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AUD/USD back above US Friday close as early shorts cover

  • AUD benefitting from China rate cuts on weekend and EUR/AUD selling

  • Stops were triggered above 0.7665 to a high at 0.7680

  • Resistance is seen at 38.2 % Fibonacci retracement of 0.7849/0.7587 move at 0.7686

 

  • Market Data
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