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Flash: AUD/USD strictly bearish despite possible correction – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.
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EUR/USD advances to 1.2920

The single currency is now bouncing sharply to regain the 1.2900 mark and beyond on Tuesday, after dipping to the vicinity of 1.2840...
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