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AUD/USD trades flat at $0.7235 after.........>

AUSSIE
AUSSIE: AUD/USD trades flat at $0.7235 after adding 8 pips Tuesday. In early
Asia-Pac hours yesterday, the rate touched intraday lows of $0.7194, weighed on
by soft data prints, before rallying to intraday highs of $0.7265 as the RBA
delivered its MonPol decision, keeping the policy settings unchanged & failing
to allude to a more neutral stance, disappointing the doves in the process.
However, the rate pared most of its gains thereafter, as USD advanced. 
- Worth mentioning yesterday the RBA trimmed its GDP forecast to 3.0% for 2019
(prev. 3.25%), with the potential for a lower 2020 GDP growth forecast in the
SoMP due Friday. 
- Bulls need to clear yesterday's peak before shifting focus to the 200-DMA/YTD
high of $0.7288/95. Meanwhile, bears look for a fall through yesterday's low,
which would allow them to target the 21-DMA at $0.7190. 
- Remarks from RBA Gov Lowe due at 0130GMT/1230AEDT provide the focal point
today, while the RBA's SoMP will follow on Friday.

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