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AUD/USD slightly weaker at Tokyo open

FXStreet (Bali) - AUD/USD enters the open of Tokyo oer 10-15 pips lower than its NY close, currently at 0.9365 after a close at 0.9378, with the US Dollar generally stronger across the FX board, a dominant theme that continues.

Valeria Bednarik, Chief Analyst at FXStreet, notes: "Aussie also gapped lower against the greenback at the weekly opening, with the 1 hour chart showing indicators turning lower and approaching their midlines, but 20 SMA still maintaining a strong upward slope and offering short term support right below current price. In the 4 hours chart indicators also head lower in positive territory, while 20 SMA heads north currently around 0.9330: as long as above this last, risk to the downside will remain limited, with chances of a break above 0.9410 on steady gains beyond 0.9370 resistance zone."

Japan Trade Balance - BOP Basis declined to ¥-828.1B in July from previous ¥-537.1B

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