The AUD/USD currency pair might rise in the medium term, according to our daily and weekly analysis. The pair is now at its highest level since September 25. The gains follow weak U.S. inflation data.
The MACD is into positive territory, and the price has already hit EMA 20 and EMA 50, on the daily chart. The stochastic oscillator might be on the rise, according to the weekly chart.
The fundamental data from this week:
Australia Employment Change (15k expected); ( 34k previous)
Rate (5.3% expected); (5.3% previous)
RBA Governor Lowe speaks in Washington