The pair is clearly turning down after reaching a local high of 1.2575 on the wave of expectations of new Brexit talks between the UK and the EU. The uncertainty of the outcome may result in a correction of the pound.
The price is below the middle …
The pair partially recovered against the background of being locally technically oversold. It has the potential to drop further amid the high probability of a rate cut by the RBA early next month.
The price is below the middle Bollinger band indicator, above SMA 5, but below …
The pair remains under pressure due to expectations of a reduction in interest rates by the RBA before the end of this year. At the same time, the outcome of the Fed meeting didn’t have a significant impact on the US dollar.
The price is below the …
Don't have your language?
