The Australian Dollar (AUD) the downside test came in hard for the Aussie on Friday as longs all tried to exit at once and a test of 1.0000 failed in the Asian session. Support was found in the lower 0.9800 levels but with stocks and commodities also testing downside the possibility of further losses remains high. Overall the AUD/USD traded with a low of 0.9826 and a high of 1.0099 before closing the US session at 0.9866.
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