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Oct 01 - 02:36 AM
AUD/USD - RBA Cut With The Door Open For More - AUD Heavy
First appeared on eFXplus on Oct 01 - 12:45 AM
  • RBA cut 25bp and left the door open for further cuts nZZN0BOS00

  • Market bearish going into the RBA - OIS priced a cut at 80.8%

  • Modest volatility around the decision, trades off 0.2% and heavy

  • Charts, neutral momentum studies, 5 & 10 DMAs track south - net bearish

  • The 0.6770 falling 10 DMA and knee jerk post RBA 0.6776 top resistance

  • 0.0606/09, last week's high and 21 DMA a pivotal resistance level

  • Key 0.6736 support held prior to the RBA, 76.4% of the September bounce

  • Sustained break would target the 0.6687 2019 low in September























aud3 oct 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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