AUDUSD Forex Trading Analysis Stock Exchange Market
#AUDUSD#
Tomorrow, the RBA will announce its interest rate decision.Australia has shaken off its epidemic restrictions and the RBA is trying to revive the economy.
This time, however, the RBA is expected to cut interest rates to a new record low, lower.Its target for three-year bond yields and further release its bond-buying programme.
This will keep the Australian dollar under pressure.If today's close below 0.70, the latter is expected to move around 0.680.Silver encountered strong resistance around the 24.0 barrier.
#XAUUSD#
Gold's safe-haven nature was reflected in the market's panic today as the bulls rebounded.
The number of COVID-19 infections in Europe and the United States rose rapidly and many European countries even adopted new blockade measures.
However,
The strong performance of the DOLLAR index has limited gold's advance, and the key resistance is now focused on the 1890's.
#XAUUSD#
rose slightly on Monday, or about 0.18%, due to the rapid increase in the number of new crown infections in Europe and the United States, and many European countries even adopted new blockade measures.
Which caused panic in the market.The safe-haven properties of gold have been reflected. Further resistance is concerned about US$1,900. Expected to continue the rebound.
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