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AUD / USD hits new seven-week low as equity sentiment slumps

The Australian dollar is now falling on this day

The Australian dollar’s movement is still relatively weak, but it is under increasing pressure as stocks plunge. It’s Thanksgiving week in the US and it’s going to start draining liquidity tomorrow, but the AUD / USD chart is not good at the moment.

There is some support at the September low at 0.7169 which is now below 50 pips.

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