The price is already above EMA 20 and EMA50 on the daily chart. The MACD indicator turns positive, and this helps validate the strength of a medium-term uptrend. The Stochastic oscillator has already reached the bottom, according to the weekly chart. The price also stays above EMA 20, EMA 50, and EMA 100 on the weekly chart.
The most important data from this week:
RBA rate decision 0.25% expectation (0.25% previous)
ECB Annual report
RBA Statement on Monetary Policy
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