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AUD/USD falls below 0.7800 after RBA eases

  • Pair has fallen sharply after RBA cut 25 BPS to 2.00%

  • Market was paring back expectations of cut since this morning

  • This should ensure some downside follow-through as some shorts covered earlier

  • Key Fibonacci support at 0.7740 which is the 61.8% of 0.7534/0.8077 move

 

  • Market Data
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