I don't usually trade any central bank meeting but my technicals in this case are really suggesting some further downside pressure with this pair.
Technical Indications Include:
Fundamentals Include:
Technical Indications Include:
- Evening Star Formation with the last 4 candles on daily
- RSI Below 50
Fundamentals Include:
- Inflation cooling off
- Oil showing signs of a bottom
- Equity market may spark additional risk-on sentiment which supports commodity currencies.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.