Australian Dollar depreciates from a 4-month high on technical signals

Note: This section contains information in English only.
Source: Bloomberg
The Australian Dollar, also called the Aussie, was lower by 0.1% to $1.0584 in the end of Sydney trading session on Friday. The Aussie weakened, as the currency has reached the highest level in four months recently, thus technical indicators implied an overbought situation and too rapid appreciation. Weakening economic situation and increasing unemployment in Australia force the RBA to cut the key interest rate significantly to boost economy.
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