Category Archives: Technical Analisys

Aussie sitting tight ahead of key RBA statement

The Australian Dollar remained relatively rangebound in overnight trading, oscillating between 0.7375 and 0.7404. Opening this morning at 0.7385, the Aussie looks to sit tight ahead of the Reserve Bank of Australia’s Rate Statement later today. Monday was a mostly benign day with little market ac…

AUD/USD Technical Analysis: Range Floor in Focus as RBA Looms

The Australian Dollar is edging toward the bottom of a two-month consolidation range ahead of the looming RBA monetary policy announcement. The currency has struggled to establish near-term direction against its US counterpart but overall trend positioning argues for a firmly bearish bias. From here…

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