September 23, 2020
Reserve Bank of Australia does not rule out a further rate cut
A downward movement signifies the weakening of the Australian dollar against the greenback. The current RBA rate is 0.25%. Its regular meeting is scheduled for October 6, 2020. Commonwealth Bank Australian PMIs for September are due early Wednesday morning. Their forecasts are negative, which could negatively affect the Australian dollar rate.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| MA(200) | Neutral | |
| Fractals | Sell | |
| Parabolic SAR | Sell | |
| Bollinger Bands | Neutral |
Summary of technical analysis
| Order | Sell |
| Buy stop | Below 0.715 |
| Stop loss | Above 0.741 |
Market Analysis provided by IFCMarkets.com
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