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AUD/USD Above .7100 after Optimistic RBA, But Medium-term Downtrend Intact

Discussion in 'Technical Analysis' started by Kaitlin, Oct 7, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    In what was otherwise a very quiet overnight session, the Australian dollar edged higher as the Reserve Bank of Australia (RBA) maintained a neutral bias in its monetary policy meeting. As widely expected, the RBA left its main interest rate unchanged at 2.0% and did not make any other changes[​IMG]

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