AUD/USD dips after RBA monetary policy statement

Nothing remarkable in the quarterly statement with GDP and inflation expectations pretty much in line with expectations.

AUD/USD dipped to 1.0260 but dealers are reporting bids at 1.0250 which should hold for now. Offers reported at 1.0330/40.

The AUD is overall bearish but there might be some decent buy-dip opportunities for intraday traders.

  1. For the readers who like the recommandations : “CITI-FX gone short aussie at 1.0334, targeting $1.000, possibly extending to 0.9700 with no stop loss at this time”

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