Wednesday, 29 July 2020

AUD/USD Outlook: 2019 High on Radar as RSI Pushes Into Overbought Zone

AUD/USD appears to be on track to test the 2019 high (0.7295) as the Relative Strength Index (RSI) climbs into overbought territory for the fourth time this year.

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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...