In recent days the pair has reached yet another maximum, despite the interest rate decrease by the Bank of Australia. It can be assumed that a correction will take place prior to the Reserve bank of Australia's head speech, which we can indirectly confirm looking at the three peakes on …
GBPUSD
The pair has breached the 1.3000 support level and if the today's data on the British economy is weaker than expected, the price will most probably fall further.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides in the oversold zone. Stoch …
EURUSD
The pair has been trading with slight changes since its return to the 1.1020-1.1155 range awating for the ECB decision on monetary policy. It can be assumed that since the Bank of England eased the monetary policy, the ECB can also go for the additional stimulus, which will have …
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