Monday, 27 April 2020

AUD/USD Preserves Ascending Channel Formation Even as RSI Deviates

AUD/USD continues to track the upward trending channel carried over from March even though the Relative Strength Index (RSI) deviates with price.

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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...