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See the latest Australian dollar analysis here:
The forex markets is on the move as we approach the BLS jobs report Friday night (our time). A good report and I expect it will break out, driving the entire relation trade into retreat. A weak report will offer respite. DXY is up and away off its broad double-bottom. EUR is the reverse with a big double-top:
The Australian dollar was smashed to its 2021 low and is getting hammered versus a weak EUR as well. A bad sign:
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Westpac has the wrap:
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