• Traded up 0.04% pre RBA in a 0.6713-0.6732 range and trades up 0.2% after

• RBA Gov Bullock said it is too early to cut rates with inflation resilient

• Market was not expecting a surprise from the RBA so little impact

• RBAWATCH priced 22.8 cuts on Dec 10 before the RBA speech - 22.3 after

• The trade surplus increased to A$6 bln in July - A$ 5bln expected, no impact

• Charts, 21-day Bolli bands contract, 5, 10, and 21-day moving averages coil

• Daily momentum studies crest - mixed signals as the uptrend falters

• Wednesday's 0.6749 high then Tuesday's 0.6792 top are initial resistance

• Close below the 0.6707 21 DMA and Wednesday's 0.6685 base would be bearish

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