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AUD/USD falls below 0.7800 after RBA eases

Tuesday, May 5, 2015 4:35 AM UTC

Pair has fallen sharply after RBA cut 25 BPS to 2.00%
Market was paring back expectations of cut since this morning
This should ensure some downside follow-through as some shorts covered earlier
Key Fibonacci support at 0.7740 which is the 61.8% of 0.7534/0.8077 move

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AUD/USD falls below 0.7800 after RBA eases

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