AUD/USD
• Gains from China RRR cut fade in Europe due to USD’s bid
• Sub-0.7780 into NY open, slide persisted despite Dudley comments
• Stevens’ AUD & rate tips sink pair sharply, 55-DMA & cloud base pierced
• Bids into 0.7700 & 21-DMA prevent further losses, 0.7706 low hit
• RBA meeting minutes the risk in Asia, likely to be dovish
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