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AUD/USD Bulls are losing momentum

AUD/USD sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line.

On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions.

The fact that the MACD hasn't been under zero for at least one week of trading, reinforces the argument that room for further AUD/USD depreciation is there.

Interest rates to drive EURUSD lower – Rabobank

Research Team at Rabobank, suggest that while Yellen’s speech is keenly awaited, the market appears to have taken on board the messages offered by policy makers in recent days and EURUSD is likely to head southwards, supported by the interest rates.
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