Monday, 28 June 2021

AUD/USD Rate Snaps Five Day Rally with RSI Tracking Downward Trend

The rebound in AUD/USD appears to be stalling after posting its longest stretch of gains since August 2020, with the RSI tracking the downward trend established in May.

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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...