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Aug 02 - 03:55 AM

AUD/USD - Takes A Spill After As-Expected RBA Decision

By Ewen Chew  —  Aug 02 - 02:20 AM
  • AUD/USD plunges to 0.6950 from 0.7027 after RBA hike

  • Exits Bollinger uptrend channel, falls below Ichimoku cloud

  • Tues close below 0.6972 exposes 23.6% Fibo support 0.6913

  • Australia c.bank raises cash rate by 50bps again nL1N2ZE08W

  • RBA says policy not on preset path, depends on data ahead

  • But reiterated commitment to bringing inflation down

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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