Having briefly traded above 0.81 on the initial reaction, Aussie was sold strongly after FOMC decision. It extended losses on the following day as RBA governor Lowe said they are in no hurry to hike rates. China ratings downgrade and metal prices falls didn't help the currency either.
AUD/USD broke and closed below both shorter-term trendline and 50 DMA yesterday but pulled back towards the trendline today. 0.80 should now cap it, if we are to see continuation lower. 0.78 - 0.785 would be the ne…
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