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January 2, 2012

AUD outlook: EUR/AUD giving Aussie a boost

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Interbank dealers report plentiful option-related stop-loss buy orders on the topside in AUD/USD, with 1.0275 and 1.0340 the next big levels to watch on the topside. Heavy selling pressure in EUR/AUD is allied with strong take-profit orders in EUR/USD below 1.2900 to ensure strong topside pressure... FF News: Technical

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