The pair partially recovered against the background of being locally technically oversold. It has the potential to drop further amid the high probability of a rate cut by the RBA early next month.
The price is below the middle Bollinger band indicator, above SMA 5, but below …
The pair remains under pressure due to expectations of a reduction in interest rates by the RBA before the end of this year. At the same time, the outcome of the Fed meeting didn’t have a significant impact on the US dollar.
The price is below the …
The pair remains in a wide range of 1.0995–1.1195 in anticipation of the Fed’s final interest rates decision and the ECB’s economic stimulus measures due from October 1st. If the Fed decides to cut rates by 0.5% at once, which is possible, the pair will grow sharply. …
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