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AUDUSD: Weekly Analysis & Short Term Setup

The Australian and kiwi dollars held near 3-1/2-month highs on Monday, with further gains largely depending on inflation data at home and abroad this week and a monetary policy meeting in New Zealand.

The Aussie and kiwi finished last week within kissing distance of 66 cents and 61 cents after a U.S. business activity survey showed easing in labour market conditions, which will aid the Federal Reserve’s fight against inflation.

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