(1,0192) The AUSSIE confirmed a sharp drop this morning after the confirmed rate cut by RBA. In yesterday’s session it already confirmed a negative outside day with 1,0340 – 1,0210 the levels; a daily closing below 1,0210 will support direct lower levels suggesting a retest of the key level at 1,0115!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are below the line supporting further weakness toward our s/t target at 1,0173!! Possible rebounds should find resistance at 1,0220 before the 200 hours line at 1,0298!! We expect lower levels!!
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