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AUD/USD Below 1.0000 Requires More than an RBA Rate Cut

AUD/USD Below 1.0000 Requires More than an RBA Rate Cut

2013-05-08 02:56:00
John Kicklighter, Chief Strategist
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Not all volatility emanates from risk-based trends. AUDUSD has shown a significant drop to the bottom of a 10-month range floor and AUDNZD has broken a seven-week bear trend. The surprise RBA rate cut played a strong hand in these significant technical developments, but does this event risk have the necessary influence to upgrade a sharp swell in volatility into a lasting trend? In today's video, we discuss key event risk (the RBA rate decision, a RBNZ intervention announcement, a Cyprus bailout debate, BoE rate decision) and whether the headlines can circumvent the all-encompassing influence of 'risk trends'. This is critical discussion for those weighing the probabilities of a clean AUDUSD break below 1.0150, EURUSD finding follow through on a break below 1.3000 and USDJPY clearing 100 amongst other picturesque setups.

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