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AUD/USD - RBA holds rates, 0.78 expiry

  • Short-covering lifted AUD to 0.7845 after RBA held rates steady

  • 0.7795 = subsequent pullback low

  • 0.7841 = late Asia/early Europe high

  • Pre-RBA rate announcement range was 0.7751-0.7778

  • 0.78 option expiry today. 0.7852 = 61.8% of 0.7914-0.7751

 

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