AUD/USD remains under pressure as RBA ends 2024 with dovish pivot

Governor Bullock says little bit more confident on inflation

Notes that data has been softer; c.bank cautiously opens room for rate cut

Previous line that RBA was "not ruling anything in or out" on rates removed

Feb 25 bps rate cut odds at 54%; first cut fully priced for Apr 0#AUDIRPR

AUD drops to a low 0.6380, more support at 0.6373 Friday low

Strong support base at 0.6340-0.6362, loss opens 0.6271

Resistance 0.6425, 0.6455; China stimulus vow, higher commodities underpin

Asia range 0.6380-0.6443

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