Tuesday, 3 May 2022

AUD/USD Rebound Pulls RSI Out of Oversold Zone Ahead of Fed Rate Decision

The Relative Strength Index (RSI) point to a larger rebound in AUD/USD as the oscillator climbs above 30 to offer a textbook buy signal.

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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...