Australian Dollar (AUD) the AUD/USD fell to new week lows near 1.0460 overnight but was supported by strong US stocks and finished back at 1.0500 in mixed day of trade. The outlook is not clear but major downside will be hard without some US stock losses or a major downturn in the China economy. AUD/JPY is sitting just under Y83 and could break higher on the USD/JPY moves with Y85 and Y88 big targets over the last 12 months.
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