AUDUSD Long... USD Rate Hike still not expected anytime soon

Fundamentals/Market Sentiment
RBA recently reduced interest rate but AUD seems still strong.
USD rate hikes are not expected anytime soon... will USD data continue to show signs of weekness?

Technical
A new Elliot Wave Formation is possible on previous Resistance turned Support Zone;
200 Simple Moving Average line provides possible additional Support;
Stochastics shows AUDUSD Oversold;
Risk Reward > 1 : 2

Timing might be good to consider an AUDUSD Long Position...