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Hello guys, happy Wednesday. Let's focus on the AUD. Australia reported a better #wage growth data for the second quarter, but the #AUD has failed to pick up a strong bid. The #AUDUSD pair rose ten pips to hit a session high of 0.6809 immediately after the upbeat data hit the wires and is...

We can see the four-hour chart after the recent stabilization and see that the Relative Strength Index (RSI) remains below 30 – indicating oversold conditions and potential for a rebound. However, momentum continues to the downside. Support awaits at Tuesday's fresh 2019 low of 1.2120. Further...