AUDUSD Analysis: Reserve Bank of Australia does not rule out a further rate cut

September 23, 2020

By IFCMarkets.com

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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