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Aussie dollar flies after RBA loses ‘patience’

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The long AUD trade is back on after the Reserve Bank of Australia (RBA) turned hawkish while leaving rates on hold.

Despite leaving those interest rates at a record low of 0.1%, the fact that the central bank dropped the word ‘patience’ is interesting and gives traders the incentive to turn bullish on all major AUD positions.




AUD/USD Forex Technical Analysis – RBA to Set the Tone; Strengthens Over  .7551, Weakens Under .7531

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