Australian Dollar recovered with the Euro into the US session before more commodity weakness and strong US data renewed AUD weakness. Large Falls in US stocks lead to a carry trade capitulation .
Tech Outlook:
AUD R1: 0. 8230 S1:0.8040
R2: 0.8240 S2: 0.8030
Chart pattern supports a bear note for the day. Trading range is expected between 0.8050-0. 8220 levels .Relative Strength index is seen trending down and currency is also seen trading below the moving average.
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