Pace of AUD/USD fall moderating, says Barclays and a higher close Thursday would likely leave bullish divergence warnings on momentum, the bank adds. This would suggest a short-term bounce is possible, says Barclays, noting it would use it to sell in the 0.9870-0.9900 area. As a caveat, the bank says if the bounce doesn't materialize, it would sell on a break of 0.9650 as that level would signal the downtrend has resumed, with a first target of 0.9380. AUD/USD at 0.9784, from a close last night around 0.9759.
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