AUD weakness gathers fresh momentum

  • EUR/AUD has broken out of its recent consolidation range and is now targeting 1.2950 (chart in members).
  • AUD/JPY has broken its interim trend-line and there’s no strong support until 99.00.
  • AUD/CHF saw some very heavy selling overnight and is closing below recent daily lows at .9545.
  • China PMI later today will certainly add to volatility.

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