AUDUSD is trending to the downside prior to RBA Debelle's speech. He briefs the Reserve Bank Board on developments in financial markets at the monthly Board meetings and participates as the Bank's representative in a number of global fora, including the BIS Committee on Global Financial Stability. Technically the pair is now in a bearish market structure, and we are targeting downside into the fibo extension at the 161.8% level.
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