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Daily technical outlook for AUD/USD: Societe Generale

Thursday, February 26, 2015 10:01 AM UTC

Quotes from Societe Generale Cross Asset Research:

-AUD/USD accelerated the downmove and tested dual channel support at 0.7590. Downtrend still remains intact. Short term though, the pair has rebounded towards multi month descending channel at 0.7960.

-A break above will mean a test of 0.8050/70 and even 0.83. Only a break below 0.7590 will mean an extended downtrend.

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Daily technical outlook for AUD/USD: Societe Generale

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