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AUD/USD Plunges To Major Support After RBA Rate Cut

Discussion in 'Technical Analysis' started by Kaitlin, May 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    As many may have expected following the release of Australian inflation data last week that came out surprisingly lower-than-expected, the Reserve Bank of Australia (RBA) on Tuesday moved to cut interest rates by 25 basis points to a new record low of 1.75%. Prior to last week’s release of the[​IMG]

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