BREAKING: The Australian Dollar (AUD) weakened against the US Dollar (USD) after the Reserve Bank of Australia cut its Official Cash Rate from 4.10% to 3.85%, a move that was widely expected. Despite this, AUD/USD stayed under pressure near 0.6450 as traders awaited further RBA guidance. The pair faces resistance at the 200-day SMA (0.6450–0.6456); failure to break higher could lead to further declines toward support at the 50-day and 100-day SMAs (0.6330 and 0.6299)
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