Ahead of Aussie Interest rate decision, the expectation is to cut the rate of interest by 0.25% (1.75% to 1.50%). Though Interest rate decision is one important factor for price action move, RBA statement provides more fuel to the price factor. It's hard to predict the move of any currency during interest rate. Hence let's try to keep it simple. Holding Interest rate at 1.75% will fuel Aussie appreciation, failing which may lead to bearish Aussie. Inline with that, please find the daily chart analysis of EURAUD,
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