RBA Assistant Governor Guy Debelle said that AUD was not high enough for intervention but they could lower interest rates if needed. These are negative words for AUDUSD which could extend deeper, through 1.0220 especially if we consider bearish picture for US stock market. We see leading diagonal on AUDUSD from 1.0340 followed by a wave two pull-back now to 1.0280/90 resistance. This market is bearish below 1.0340. AUDUSD 30min EUR is not looking good as currency fell sharply against its rival
