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AUD and crosses technical snap shot - TDS

FXStreet (Barcelona) - Analysts at TD securities explained the technical outlook for the AUD and crosses.

Key Quotes

“The AUD/USD sell off steadies in the mid 0.86 area but scope for a rebound looks limited and broader downside risks remain”.

“AUD/JPY's decline slows but may still test support in the upper 94 area”.

“AUD/NZD rejected the range base last week and struggles near the range ceiling this week; a sustained move above 1.13 or below 1.09 should see significant follow through now”.

“EUR/AUD's brutal September short squeeze has stalled right on major resistance and price signals turn negative; look for lower levels again from here”.

AUD/USD holding on key support 0.8660

AUD/USD is trading at 0.8670, down -1.51% on the day, having posted a daily high at 0.8808 and low at 0.8643.
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