With CB turning dovish, I think Aussie will be closely watched this week with inflation data on Wednesday, when speculators can put out their new bets regarding the RBA rate decision. Data in recent months showed that inflation is slowing down, so if this path remains unchanged after Wednesday, then RBA can follow other dovish CB, and as a result, aussie can drop. From an Elliott wave perspective, we see the bearish triangle that can be pointing down, but after wave E bounce. Rsistance is at 0.6550-0.66.
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