The AUDUSD fall after the rate cut did not last long. Tests last week's highs

The AUDUSD started the session on the back foot after the RBA rate decision, breaking below its 200-hour moving average at 0.6487. Sellers briefly took control, but momentum quickly shifted as buyers stepped in, reversing the decline and pushing the pair back to the upside.Volatility surrounding the US CPI report drove the price up to the 100-hour moving average at 0.65138, where sellers initially defended the level, forcing a retreat to 0.6490. That dip, however, was short-lived.