The RBA once again left cash rate unchanged at the record low of 1.5%. Accompanying statement was not as upbeat as the previous one. The bank highlighted quite a few concerns, including subdued consumption growth stemming from slow growth in real wages and high levels of household debt.
Aussie was immediately marked down about 50 pips and further 40 pips in the following hours. There appears to be little chart based support until 0.75 - 0.7550. In the event of a pullback, 0.7625 - 0.7650 looks l…
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