AUD/USD: 1.0220 should hold first test but AUD/NZD moves dampening bearish enthusiasm

The inability of the AUD bears to test 1.0115 post-RBA will be worrying the bears a bit and even though 1.0220 prior lows are likely to be well defended, I’m still of the opinion that we may even see a slightly bigger rally to take out stale trailing stops. Then we can go lower again.

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