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    Technical analysis of AUD/USD for June 16, 2016

    AUD/USD is in a bearish trend targeting 0.68. Any bounce should be seen as sell opportunity, especially if the price breaks below 0.7140.

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    In the 4-hour chart the price is making a bearish reversal and when it breaks below 0.7325 we should see rising selling pressure and push the pair back to its recent lows near 0.7180. The short-term resistance that bulls need to break is at 0.75.

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