The Australian Dollar (AUD) fell back with the Euro and pressure from weak commodities. Support was found under 1.0700 and the market ended at opening levels. The RBA is ahead and could provide direction from the statement accompanying. Overall the AUD/USD traded with a low of 1.0690 and a high of 1.0769 before closing the day at 1.0725 in the New York session. Looking ahead, RBA announcement forecast unchanged at 4.75%.
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