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November 6, 2012

RBA Decision and Technical Setups for AUD Pairs

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The Reserve Bank of Australia met during the 10/6 session, and decided to hold the Official Cash Rate (OCR) at 3.25%. With some expecting a rate cut, the hold is slightly hawkish, or relatively less dovish, which is positive for the Australian Dollar. The AUD strengthened after the RBA interest rate... FF News: Technical

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