The RBA cut the growth outlook, sees inflation moving in "right direction"

No major surprises in the SOMP - AUD +0.35% before and is now +0.45%

Upcoming data will be key for the RBA outlook and interest rate policy

Charts; momentum studies head lower, with 5, 10 & 21-day moving averages

21-day Bollinger bands expand - signals show a bearish trending setup

0.6599 5-day moving average and 0.6664 10 DMA are initial resistance

Earlier 0.6547 low and Thursday's 0.6514 base first supports

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