The general consensus amongst AUD dealers would seem to be that a 25bps rate cut is very highly likely and this is in effect already priced in. If this eventuates, then the AUD/USD would probably stay relatively unchanged, perhaps gapping around in a 40 pip range as short-term positions exit the market.

https://www.forexlive.com/blog/2012/06/04/rba-decision-25bps-cut-priced-into-the-market/

I’m bound to get it right occasionally. See you tomorrow.