Westpac Research notes:
AUD/USD 1 day: The break below 0.7790 has further bearish implications and we'd expect to see 0.7700 during the next day or two. US dollar strength dominates.
AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next major downside target is 0.7500.


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