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AUD/USD Price Forecast: Softens below 0.7150 after RBA rate hike, but maintains bullish bias

The AUD/USD pair declines to near 0.7145 during the early European trading hours on Tuesday. The Australian Dollar (AUD) remains weak despite a widely expected 25 basis point (bps) interest rate hike by the Reserve Bank of Australia (RBA).

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The AUD/USD pair declines to near 0.7145 during the early European trading hours on Tuesday. The Australian Dollar (AUD) remains weak despite a widely expected 25 basis point (bps) interest rate hike by the Reserve Bank of Australia (RBA).