Westpac Research notes:
AUD/USD 1 day: Looking increasing bearish, and getting dangerously close to breaking a head-and-shoulders neckline at 0.7615 which would signal a further multi-cent fall. The Greel events will weigh.
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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