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EUR analysis 07.08.2019

The euro-zone single currency fluctuated in a narrow, bullish range during the Asian session to see its fourth session rebound in five of its lowest since May 16, 2017 against the US dollar on the eve of developments and economic data expected on Wednesday by dotted economies The euro and …

AUD analysis 07.08.2019

The Australian dollar fell during the Asian session to witness the lowest since January 3, when it tested the lowest since March 19, 2009 against the US dollar following the developments and economic data that followed the Australian economy and on the eve of developments and economic data expected today …

Technical analysis 07.08.2019

AUDUSD

The pair is in a short-term downtrend caused by the escalation of US-China trade war. A sharp interest rate cut by RBNZ may also lead to lower rates by RBA in the near future.

The price is at the lower Bollinger band, below SMA 5 and SMA 14. RSI …

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