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AUDUSD - Rallies from Ten Year Low Below 0.67 after RBA’s Latest Rate Cut

 

 
In the last two days to finish last week the AUDUSD reversed and rallied higher back above the current key level of 0.6750, before easing back below again to start this week. In the last two weeks the AUDUSD had fallen sharply back down to the key 0.6750 level where it has met some support for around one week before dropping through to a ten year low near 0.6670. It had been consolidating well right above 0.6850 after it surged to its highest levels in one month back above this key level which had previously supported the currency pair through May and June.
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Reserve Bank of Australia (RBA) Interest Rate Decision

Today at 5:30am UK time. RBA Interest Rate Decision is one of the key instruments of the national monetary and credit policy, and the releases contain announcements of interest rate and explanations to the bank's decision. F: 1%, P: 1%. #AUDUSD may drop below 0.6750.

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AUDUSD - Falls Below 0.68 as RBA Expected to Cut Again

 

 
In the last week the AUDUSD has fallen sharply back down to the key 0.6750 level where it has met some support in the last two days. It had been consolidating well right above 0.6850 after it surged to its highest levels in one month back above this key level which had previously supported the currency pair through May and June. This recent surge was quite unexpected as the AUDUSD had been lingering down near 2019 lows looking poised to continue lower below 0.67.
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AUDUSD - Surges to One Month High at 0.6850 after RBA Sits on Rates

 

 
In the last week the AUDUSD has surged to its highest levels in one month back above the key 0.6850 level which had previously supported the currency pair through May and June. This recent surge was quite unexpected as the AUDUSD had been lingering down near 2019 lows looking poised to continue lower below 0.67. It had been well supported by 0.6750 despite the fact that it had fallen through this level on three occasions, including in the last two weeks.
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Reserve Bank of Australia (RBA) Interest Rate Decision

Today at 5:30am UK time. RBA Interest Rate Decision is one of the key instruments of the national monetary and credit policy, and the releases contain announcements of interest rate and explanations to the bank's decision. F:1%, P:1%. #AUDUSD may test 0.6750. 

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AUDUSD - Settles Around 0.6750 after RBA Pause on Rates

 

 
In the last week or so the AUDUSD has rested on a new support level at 0.6750 even though it fell through down to a 2019 low below 0.67 a few days ago. In the two weeks prior, the AUDUSD fell sharply from above 0.7050 down to the support level at 0.6850 before continuing to decline down to 0.6750. Having provided solid support over the last three months, the 0.6850 level may now offer some resistance should the AUDUSD rally.
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Reserve Bank of Australia (RBA) Interest Rate Decision

Today at 5:30am UK time. RBA Interest Rate Decision is one of the key instruments of the national monetary and credit policy, and the releases contain announcements of interest rate and explanations to the bank's decision. F:1%, P:1%. #AUDUSD may test 0.6850.  

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AUDUSD - Eyes off Support at 0.6850 as RBA Commits to Low Interest Rates

 

 
In the last week the AUDUSD has fallen sharply from above 0.7050 down to a five week low near 0.69, as it has its eyes firmly on the solid support level at 0.6850. It was only a week earlier that the AUDUSD surged strongly back up to the current key level of 0.7050 as it then looked poised to threaten this level and possibly move higher. Two weeks earlier it tested the level as it reached a seven week high on the back of a steady climb higher over three weeks as it moved from support at 0.6850. This level has helped prop up the currency pair twice in the last two months and is close to being called upon again to support the AUDUSD.
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AUDUSD - Pushes up to Resistance at 0.7050 Ahead of RBA Minutes

 

 
In the last week the AUDUSD has surged strongly back up to the current key level of 0.7050 as it looks poised to threaten this level again and possibly move higher. Only two weeks ago it tested the level as it reached a seven week high on the back of a steady climb higher over three weeks as it moved from support at 0.6850. This level has helped prop up the currency pair twice in the last two months.
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AUDUSD - Drops Back Below 0.70 as RBA Expected to Cut Rates Again Today

 

 
In the last two days the AUDUSD has dropped sharply back below 0.70 after reaching a seven week high near the key 0.7050 level. It did however enjoy a solid surge higher in the last couple of weeks when it bounced strongly off support at 0.6850 which has helped prop up the currency pair twice in the last two months. This was a solid reversal from the week prior which saw it drop sharply to its lowest levels for 2019 pushing through any support around 0.6850 for a short period of time.
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