We had soft Aus CPI on last Tuesday.
And next week is RBA Meeting.
So the call for rate cut is increasing.
We know that RBNZ didn't cut rate because NZ CPI were better than expect, so if Aus CPI were bad, likely RBA could take action or at least send more and more dovish tone.
No matter what happen, Aussie should be trade lower.
Look at on the chart, I draw a long term ascending on the chart, and that's a key , any break will send a significant signal for downtrend.
And Aussie also stands on Kumo cloud: A signal we should not ignore.
Here my point: A sell through out 0.7570 could happen next week.
I need more clues to talk about rate cut, but I think we should weight on Aussie
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