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Chart of the Day: EUR/AUD

Chart of the Day: EUR/AUD

The EUR/AUD is reacting to the key reversal day the stock indices put in today. With the 1.6000 looking to be key support for the pair, the break higher above the 1.3620 level may signal a move back towards the 1.7000 level. RSI is pointing higher after spending May and June pergent. 1.6450 is the 50dma and may offer near term resistance.

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