Similar to USD/CAD, the Australian dollar is on the verge of a break that could have big implications for the global growth picture.AUD/USD is down 11
Similar to USD/CAD, the Australian dollar is on the verge of a break that could have big implications for the global growth picture.
AUD/USD is down 112 pips today with the AUD badly lagging G10 peers.
What’s particularly troubling is that a bottom near 0.7000 that’s held 3-4 times could be breaking and opening the way to a chasm of technical support.
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