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AUD/USD Outlook Mired Ahead of RBA as RSI Divergence Takes Shape – DailyFX
AUD/USD trades near the 2020 high (0.7227) ahead of the Reserve Bank of Australia (RBA) rate decision, while the RSI threatens the upward trend established in July.
Australian Dollar Talking Points
AUD/USD trades near the 2020 high (0.7227) ahead of the Reserve Bank of Australia (RBA) interest rate decision, and more of the same from the central bank may keep the exchange rate afloat as the crowding behavior in the US Dollar persists.
AUD/USD Outlook Mired Ahead of RBA as RSI Divergence Takes Shape
AUD/USD may show a limited reaction to the RBA as the central bank appears to be on track to keep the official cash rate (OCR) at the record low of 0.25%, and…
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