AUD consolidating gains after RBA stays steady

No surprises in the RBA decision and statement and the subsequent rally tells us a lot about the state of the market; short across the board is my guess.

AUD/NZD failed to break important support just below 1.0900 and has bounced strongly as indeed has AUD/JPY.

AUD/USD is consolidating near .7130 and any dips back towards .7070 should been seen as dip-buying opportunities ahead of bigger and stronger short squeezes, in my biased opinion.

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