Our Event Guide for the RBA’s February decision notes that leading indicators and the Bank’s dovish guidance in December could lead to a 25bps rate cut this week.
If the RBA focuses on growth risks and signals more rate cuts ahead, the Australian dollar could lose pips to its major counterparts.
Here’s why AUD/JPY and AUD/CAD may offer “cleaner” bearish setups in case the RBA event is net dovish!
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