The AUD/USD currency pair might rise in the medium-term according to the MACD, on the daily chart. The AUD/USD pair also shows a double bottom pattern that formed on the daily chart. If the price reaches 0.7650 on the weekly chart, a long-term pattern will be formed. Australia’s Central Bank said that inflation is expected to “gradually” accelerate as the economy strengthens and wage pressures increase, and this is a sign of interest rate increase in the near future.
The most important data of this week:
RBA rate (1.5% expectation); ( 1.5% previous)
US NFP (+195k expectation); ( +223k previous)
Unemployment rate (+3.8% expectation); ( +3.8% previous)