The dollar index bounced on Wednesday, after 200DMA (103.52) repeatedly contained dips in recent sessions. Reversal pattern is forming on daily chart and 14-d momentum is ascending from negative territory and pressuring the centreline, contributing to positive signals, which will still look for additional confirmation on daily close above cracked Fibo barriers at 104.00/02 (converged […]
The Reserve Bank of Australia kept its cash rate unchanged at 4.35%, maintaining it at a 13-year high for the past 13 months. Most of the RBA’s peers have moved to ease monetary policy at various points this year, including aggressive cuts by neighbouring RBNZ, suggesting that inflation is on a downward trajectory. Australian consumer […]
The post RBA Kept Rate Unchanged But Failed to Stop AUD Slide appeared first on Action Forex.
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