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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:
July 3
RBA rate (1.5% expectation); ( 1.5% previous)
July 5
FOMC minutes
July 6
US NFP (+195k expectation); ( +223k previous)
Unemployment rate (+3.8% expectation); ( +3.8% previous)

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