AUD,NZD

No sign of Central Bank demand for AUD to dwindle any time soon

More from Bloomberg.

The RBA has been quite explicit recently that it will start to use monetary policy to fight the higher AUD. A rate cut next month is a distinct possibility and if Reserve Managers and Central Banks continue to buy the AUD, then the rate cut will become a cast-iron certainty.

As for levels to watch, I think my technical analysis from earlier today for the AUD/USD is still relevant.

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