The pair breakout wedge pattern during the annoucement of RBA rate cut this morning.
By looking at the pattern, I think this is possible a very good buy setup around zone 0.65300-0.65500 as the overhang from rate cut is now gone. In contrast the market is expecting FED to use more easing monentary policy by cutting another 50bps from current interest rate level in this Mar meeting. So I believe this sentiment will push USD to underperform most of it counterpart.
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