Forex Flash: AUD/USD long term bearish – Forex.com

FXstreet.com (Barcelona) - Today's RBA minutes showed some dovish stance from the central bank, "as expected, " says Research Analyst at FOREX.com Chris Tedder, with "headlines being dominated by one line from the minutes, where the RBA implied that further monetary easing may be on the horizon."

The pair initial reaction to the news was a timid sell off to support 1.04, picking up later on, till it "ran into some resistance around 1.0425," Chris explains. "Overall, we maintain our long bearish view on AUD, even if the RBA leaves rates unchanged in December," the analyst concludes.