The AUD had a day of consolidation yesterday, although it will close below 1.1190 against the NZD which is definitely a bearish indicator. There isn’t much on the economic calendar apart from BOJ monetary policy minutes but watch out for headlines on the newswires this morning from the RBA deputy Governor who is giving a speech at 9:15 AEDT. He will indulge in a bit of verbal intervention no doubt.
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