Sunday, 3 May 2020

AUD/USD Outlook Mired Ahead of RBA Amid Failure to Test March High

AUD/USD may exhibit a more bearish behavior in May as the exchange rate snaps the upward trending channel following the failed attempt to test the March high (0.6685).

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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...