AUD/CAD Breaks Key Support After RBA Hike — Is a Bigger Bearish Reversal Beginning?

The RBA raised its cash rate 25bps to 4.85% on a split 6–3 vote, dropped its explicit tightening bias and signalled a pause for assessment, so the Australian Dollar fell despite sharply higher inflation forecasts. AUD/CAD broke structural support at 0.9778, and the next tests are 0.9722 and the 55-week EMA near 0.9660. The post AUD/CAD Breaks Key Support After RBA Hike — Is a Bigger Bearish Reversal Beginning? appeared first on ActionForex.