Barclays remained bearish on AUD/USD.

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Barclays analysts are still bearish on AUD/USD. “We are clinging to our bearish view. Wednesday’s spike higher and subsequent low close signals buyer capitulation. A low close today would endorse downside towards 0.7040 and then the 0.6825 year-to-date lows. A sustained break above 0.7260 would signal a squeeze higher towards 0.7370 before sellers emerge” written in the report.

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