FX:AUDUSD Australian Dollar/U.S. Dollar
Following the RBA's less dovish tone, concerns over rising , and less concern of emerging market. Expectations of further cuts over the near term has almost diminished in my opinion. Accordingly, we will probably see strong short covering, and a short term correctional rally, especially if price manages to settle above the latest swing low at 0.8845. First upside target at 0.9085.
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