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Feb 04 - 02:36 AM

AUD/USD - Moves Higher After RBA On Hold

By John Noonan  —  Feb 03 - 10:35 PM
  • AUD/USD modestly higher after RBA left rates on hold at 0.75%

  • It was at 0.6685 before and is now trading around 0.6710/15

  • RBA retained a clear easing bias in following statement nRBA

  • AUD/USD buying likely due to covering of 'just in case they ease' shorts

  • Sellers tipped at 0.6730 with 10-day MA at 0.6758 resistance

  • RBA will likely expand on their view when RBA Governor Low speaks tomorrow


Source:
Refinitiv IFR Research/Market Commentary

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