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AUD/USD Pull Back Depends On U.S. Mkt Open

Forex News: Direction of AUD/USD depends on response of U.S. market to government plans to prop up ailing Fannie Mae and Freddie Mac mortgage agencies, says ANZ strategist Tony Morriss. "If U.S. markets come out and say they're disappointed that the government has gone to this extent to support what were previously privately-owned companies, then (the Australian dollar) could go higher." Says AUD/USD should find good support at 0.9660, next major resistance at 0.9750. Now 0.9684




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