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AUD/USD breaks above 0.87 post RBA

FXStreet (Bali) - AUD/USD is trading on a bullish tone above 0.87 following the RBA monetary policy release, in which the CB kept its neutral rhetoric, noting a period of stability in interest rates ahead.

Technically, Jim Langlands, Founder at FXCharts, notes: "On the topside, sellers lining up above 0.8700, at 0.8725 and at the session high at 0.8760. On the downside, below 0.8641, the next level at 0.8600 will provide minor support, but beyond that, there is little to hold it until 0.8540 (50% of 0.6002/1.1082) and then the May 2010 low at 0.8315."

RBA keeps policy steady, neutral rhetoric

The RBA left its interest rate at 2.5% record low, reiterating that on present indications, the most prudent course is likely to be a period of stability in interest rates.
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Asia Recap: AUD bought back after RBA

AUD/USD was the strongest performer in Asia, following a neutral RBA monetary policy announcement, keeping its benchmark interest rate at record low of 2.5%, while at last, some light profit-taking was seen in Yen crosses.
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