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
- WTI oil prices exceeded 107 dollars per barrel. Inflation expectations continue to rise. Apr 30, 2026
- RoboForex Expands CFD Offering with Cryptocurrency Instruments Apr 29, 2026
- WTI oil prices have consolidated at 100 dollars per barrel. Australia is experiencing a sharp inflation spike Apr 29, 2026
- EUR/USD Holds Steady Ahead of Fed Meeting, Focus on Middle East Outlook Apr 29, 2026
- European stock markets continue a prolonged decline. Oil prices continue to rise slowly Apr 28, 2026
- Yen Gains Support Following Bank of Japan Decision Apr 28, 2026
- Brent and WTI remain at extremely high levels, fueling global inflation Apr 27, 2026
- Gold Declines Amid Geopolitics, with Optimism Limited Apr 27, 2026
- COT Metals Charts: Copper leads Metals Speculator Bets Higher Apr 26, 2026
- COT Bonds Charts: Speculator Bets led by 5-Year Bonds & Ultra 10-Year Bonds Apr 26, 2026
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
