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Australian Dollar Trades At Fresh 4-week Low Against Euro

11/29/2012 10:43 PM ET

The Australian dollar extended its overnight downtrend against the euro on Friday morning in Asia, falling to 1.2483, its weakest level since November 1.

The aussie is expected to extend its decline as a trend-line resistance of the EUR/AUD pair has broken in the daily chart, with 1.25 seen as the next likely support level.

by RTT Staff Writer

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