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AUD/USD: A technical snapshot - CB

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank who notes downward pressures in AUD/USD below the 0.7918 downtrend gave a snapshot of the technicals.

Key Quotes:

"Below 0.7597 we have very little support apart from the 0.7335, 50% retracement of the move up from 2001. Above the downtrend would introduce scope to the 0.8034 7th January low."

"The market recently again held over the base of the 2013-2015 down channel at 0.7597. A close above 0.8035 is needed to alleviate downside pressure."

RBA up next: AUD/USD scenarios - FXCharts

Jim Langlands, Founder at FXCharts, shares his view on the possible scenarios in AUD/USD today based on the RBA monetary policy outcome, with market expectations calling for a back-to-back 25bp rate cut to 2%.
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AUD/USD: Lined up ahead of RBA

AUD/USD is currently trading at 0.7761 with a high of 0.7767 and a low of 0.7759.
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