What to expect from the RBA

  • A 25 bps rate cut is priced in and if we do get the cut as expected, I’d think we might get a 30/40 pip dip before short-covering kicks in.
  • 25bps with dovish statement; we should see market testing .8850 straight away.
  • A 50bps rate cut and we will test .8770 pretty quickly.
  • No cut; stops above .9050 will be triggered.

Good luck.

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