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AUD/USD dips as NAB revised its RBA call.....>

AUSSIE
AUSSIE: AUD/USD dips as NAB revised its RBA call and expects the central bank to
reduce its cash rate to 0.75% in Nov. This came after the RBC said that they are
now looking to two more 25bp cuts in Feb & May 2020 on top of the existing call
for a 25bp cut in Aug this year.
- AUD/USD last deals at $0.6896, 19 pips lower on the day. Initial support noted
at the lower 1.0% 10-DMA envelope at $0.6888, ahead of the cycle lows of
$0.6865. A return above the $0.6900 mark would return focus to the 21-DMA at
$0.6931.

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