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TraderXR
Jun 22, 2022 4:44 AM

AUDUSD 

Australian Dollar/U.S. DollarFXCM

Description

The RBA commitment to normalising inflation and pointing to a 25 or 50 basis point hike next month. The somewhat dovish tone had little impact on the AUD. Based on the technicals, if there is a clear downward break out, we can short the AUD. Meanwhile, we can keep a look out of related commodities currencies such as CAD which will be announcing its CPI data.
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