• Off 0.2% early with the U.S. dollar and E-mini S&P futures a touch firmer

• RBA's Statement on monetary policy will be released at 11.30 Sydney time

• Report should provide few surprises, but the forecasts will be interesting

• Charts; neutral momentum studies, fresh bearish 5 and 10 DMA cross

• 10 and 21 day moving averages head higher with 21 day Bollinger bands

• Net topside bias while 0.6895 21 day moving average holds

• Targets a test of 0.7056, 38.2% of the entire 2022 April July fall

• NY 0.6946-0.6982 range is initial support and resistance

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