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Bearish print added to the AUD/USD chart

The 100-hour SMA dips below the 200 SMA, leaving a key AUD/USD spot level on the upside.

More [Pair] traders could be joining the bearish bandwagon upon this signal, while others might chose a less vulnerable commitment by expecting the price to rise minimally to the 200 SMA and only then targetting for lower levels. A close above this all-important SMA would negate its bearish implications.

AUD/USD awaits Chinese data for next impetus

AUD/USD has made a very minor recovery vs the downside that its has faced this week from 0.7280, falling below the 200 SMA at 0.7138 today on the hourly sticks and reaching the aforementioned lows on a risk-off environment yet again while investors seek safer havens among the uncertainty around Global growth.
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US stocks slump amid risk aversion

Wall Street edged sharply lower on Tuesday, weighed by a sell-off in global equities and a sharp decline in commodities. The DJIA traded almost 300 points lower intraday, although it bounced before the closing bell, ending the day down 179 points or 1.09% a 16,330.47. The Nasdaq and the S&P also closed in the red.
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