AUD/USD Technical: RBA Hike Already Priced In, Minor Corrective Decline in Progress

<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-aud20.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p>
<p>RBA hiked the official cash rate by 25 bps to 4.35% as expected. Revised up slightly projected year-end 2024 Australia CPI inflation to be around 3.5% from 3.25% previously forecasted in August. AUD/USD has declined by -64 pips intraday from yesterday, 6 November high of 0.6523. Short-term momentum has turned bearish as depicted by the [&#8230;]</p>
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