GBPAUD Bounces Off Trend Line Support After Australia's Disappointing Economic Data

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GBPAUD has rebounded of a key short-term upward trend line on the back disappointing economic data out of Australia. During August Australia's building approvals sank 4.7% and the trade deficit was 815M, and July's trade deficit was revised to 1,375m from 765m. The data was significantly worse than the market



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