The AUD has a bearish feel after the RBA monetary policy statement, with the market realising how much emphasis is really put on continued mining-sector growth; if it slows appreaciably then the whole picture changes. Watch out for stop-loss sell orders below 1.0730. EUR/AUD is marching higher and has scope now to move towards 1.2485.
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EUR/AUD consolidating above 1.2320, now targets 1.2485
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