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ANZ: sell AUD on rallies

According to strategists at ANZ, the downtrend in AUD/USD persists. They recommend using the current rally as a selling opportunity

Analysts concede another squeeze into the $0.9250-0.9300 area, but expect the upside to be capped here. "Any slip below $0.8925 could undermine upside potential again, leaving AUD at risk of an early slide", they say. 


Chart. H4 AUD/USD

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