Sunday, 15 March 2020

AUD/USD RSI Sits in Oversold Zone Even Though FOMC Deploys ZIRP & QE

AUD/USD may continue to give back the correction from the 2008 low (0.6006) as the Relative Strength Index (RSI) sits in oversold territory.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...