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Forex pairs in this Article » AUD/USD
FXstreet.com (Barcelona) - The Aussie dollar is falling further on Monday, dragged to session lows around 1.0285/80 as risk-off tone is intensifying. Poor domestic data out of the Home Loans are also playing its role in today's descent, contracting 1.5% during December vs. +0.2% forecasted.

"Ongoing local data weakness, lingering spec positioning overhang and RBA easing hints have helped produce lows since Oct& AUDUSD should nd buyers towards 1.02 on the week", suggests Sean Callow, analyst at Westpac.

As of writing, the cross is down 0.21% at 1.0290 facing the next support at 1.0256 (low Feb.8) and then 1.0236 (low Oct.23).
On the flip side, a breakout of 1.0345 (low Dec.26) would clear the path to 1.0361 (low Feb.1) and finally 1.0387 (MA10d).
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