Westpac Research notes:
AUD/USD 1 day: Bounced off a bearish neckline at 0.7615 yesterday but remains vulnerable. The 0.7600 area will be closely watched during the days ahead.
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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