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AUD/USD inching closer to 0.80 pre-RBA rate judgment

  • 0.80 closeness may be crucial to May 5 RBA rate decision

  • 0.7919 is four week high after stops tripped above 0.79

  • More stops seen at 0.7920-25 & above 0.80

  • Interest rate futures show 50% probability of 25bp RBA rate cut next week 

 

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