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AUD/EUR Likely Won't Break 0.6200 Level

Forex News AUD/EUR on track to run out of puff after recent sprint higher, with pair now looking at sharp resistance, says Bank of New Zealand strategist Danica Hampton. Notes pair over extended on the topside, will likely underperform on the downside. "I don't think a break above EUR0.6200 is realistic and we'll see that cross come under pressure," as commodity prices, end of RBA hiking cycle work against AUD. Now 0.6133.




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