The Past mistakes are your guides to provide you directions of the present.
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Australian Dollar Buyers Eyeing $0.75 as Risks Linger for GBP/AUD
The Australian Dollar’s recovery rally stalled during the week to Friday but some recent buyers of the antipodean currency remain upbeat about the outlook and are still targeting a return to 0.75 for AUD/USD, which implies lingering downside risks for GBP/AUD. Australia’s Dollar was treading water around the middle of the major currency league table for the week by Friday after a rally that had been ongoing since early February partially reversed this Monday. AUD/USD had extended its more-than month-long advance with a brief foray above the 0.74 handle to open the new week on Monday, with price action coming amid ... (full story)