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I'll be keeping an close watch on the outcome of tomorrow morning's Reserve Bank of Australia monetary policy meeting. The RBA is likely to keep interest rates unchanged at 1.5 % but give much more positive indications about growth in economy. It will lay a bullish undertone for the AUD/USD. If RBA keeps the guidance about the economic scenario positive we can look for the buying opportunities in any correction as long as key support are not broken. I feel the AUD/USD is primed for a move towards 0.7800 in coming days.
