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EUR/AUD 200-DMA repels another lift overnight

  • 200-DMA caps lift overnight, April's high aids to keep gains tempered

  • RSIs roll over to bolster concerns of those long EUR/AUD pre-RBA

  • Yield spreads have supported recent lift but weak AUD may be on last legs

  • If RBA cut seen it could be the last, EUR/AUD might then slide as yield compression abates

  • AUD likely sinks first then could rally, 1.3950/00 first support below 

  • Market Data
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