Low , on its own, is not a trigger for a rate cut. RBA will likely wait to see a new weaker trend in domestic activity and employment before it would embark on such a strategy.
On weekly charts we see major hurdle at 1.9250 levels which is 23.6% Fib of 2.2372 to 1.8293 fall.
Further upside only on breaks above. Momentum studies are neutral. We recommend booking full profits on the previous call for now.