AUD/USD's down trend resumed last week and reached as low as 0.7879. Key support level of 0.7945 was taken out and AUD/USD should target 61.8% projection of 0.8910 to 0.8032 from 0.8294 at 0.7751 next. On the upside, break of 0.8294 resistance is needed to indicate short term bottoming. Otherwise,
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