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EURAUDdaily page 001

The EUR/AUD pair might fall in the medium term, according to our technical analysis. The RSI on the daily chart (80.45) has already reached an extremely overbought level. Also on the weekly chart, the RSI oscillator is above 70 and this indicates an overbought level.

The most important data of this week:

September 12
Eurozone Employment QoQ (+0.4% previous)
YoY (+1.4% previous)
September 13
Australia Employment Change August (+18k expectation);(-3.9k previous)

Unemployment Rate August (+5.3% expectation);( +5.3% previous)

Germany CPI MoM (+0.1% expectation);( +0.1% previous)

YoY (+2.00% expectation); ( +2.00% previous)

ECB Rate Decision (0.00% unchanged expectation); (0.00% unchanged previous)

EURAUDweekly page 001

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