The RBA hiked the cash rate 50 BPs to 1.35% as was expected

RBA statement indicated more hikes to come - awaiting fresh data nAZN0AIIEM

AUD/USD slipped from 0.6880 to 0.6855 as result was expected

Price action suggests it was a "buy the rumour/sell the fact" event

Resistance is at the 10-day MA at 0.6895 and the 21-day MA at 0.6962

Support is at yesterday's 0.6820 low and July 1 low at 0.6764

AUD/USD traded to 0.6894 earlier on hopes of China optimism nL1N2YM035nL1N2YM029

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