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The US dollar gave back some of its recent gains to its forex counterparts as US traders were off on a Veterans Day holiday yesterday.
After breaking below support at the .8700 major psychological level and dipping to the .8550 mark, AUDUSD has pulled up to the area of interest and may be due to resume its drop soon.
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The US dollar had a mixed performance as it regained ground to the pound, euro, and yen but continued to weaken to the rest of its counterparts.
AUDUSD has recently broken below the .8700 major psychological support zone and dipped to the .8550 area before making a pullback.
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The US dollar gave up ground to its forex counterparts on Friday when the US non-farm payrolls figure missed expectations.
GBPUSD has been steadily moving lower, as a descending trend line can be drawn to connect the recent highs of price action.
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Dollar traders are gearing up for the release of the October NFP report in today’s US trading session, which could show a slightly slower pace of jobs gains.
GBPAUD recently made a strong upside break past resistance at the 1.8400 major psychological level and may be due for a retracement.
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The US dollar advanced to the pound and most of its major counterparts in recent trading, as data from the US came in mixed.
GBPUSD has recently broken below a significant support level, a sign that further losses could be in the cards.