The move higher post-RBA has now seen AUDUSD test sell interest at 0.9400 before falling back to 0.9391 currently
The ccy has come in for a fair bit of selling over the past days on talk of a potential rate cut, but with that threat now gone and with slightly more hawkish talk we should see some decent AUD consolidation
EURAUD has been down to 1.4404 and AUDJPY up to 92.29.
ANZ have now pushed their forecast for a final rate cut out to feb 2014 from Q4 2013 and assess that the bottom of this easing rate cycle is close approaching.
JPM Morgan however still a see rate cut in November in the wake of weaker jobs and inflation data to come in October
