AUDUSD may face a more bearish fate over the coming days if the Reserve Bank of Australian (RBA) prepares Australian household and businesses for lower interest rates.
Fresh developments coming out of the Euro area may rattle the recent rebound in EURUSD if the ECB shows a greater willingness to implement more non-standard measures.
NZDUSD stands at risk for a larger correction following the Reserve Bank of New Zealand (RBNZ) meeting as the exchange rate breaks out of the monthly opening range.
EUR/USD fails to test the May-low (1.1107) ahead of the ECB meeting on June 6, with the exchange rate snapping the series of lower highs and lows from the previous week.
NZD/USD stands at risk of giving back the rebound from the monthly-low (0.6482) as the RBNZ endorses a ‘downward bias’ for the official cash rate.