Sunday, 2 August 2020

AUD/USD Outlook Mired Ahead of RBA as RSI Divergence Takes Shape

AUD/USD trades near the 2020 high (0.7227) ahead of the Reserve Bank of Australia (RBA) rate decision, while the RSI threatens the upward trend established in July.

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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...