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Chart Forum - Aussie Dollar testing 20 day moving average after RBA statement

CMC Markets

The RBA statement today softened its language on the Aussie Dollar. It merely noted that if current levels are sustained it will assist in achieving balanced growth rather than saying it needed to be lower. The Aussie rose quickly after the statement and stopped for a while at the 20 day moving average.However, it's now showing signs of rallying through it. See the chart forum for notes

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