The EUR/AUD pair may go down, according to the daily chart. The stochastic indicator may soon start the downtrend. The MACD may also go down after many days staying positive, and the price is still below EMA 100, on the daily chart.
The weekly chart also shows a downtrend in the long term. The stochastic indicator stays near the top, and the RSI oscillator is still below 50. The price also remains below EMA 20 and EMA 50 on the weekly chart.
The most important data of this week:
RBA rate decision (0.25% expectation); (0.25% previous)
Employment Change (-2% expectation); (-0.7% previous)
Rate (5.8% expectation); (4.2% previous)
Eurozone PMI Composite (54.8 expectation); (48.5 previous)
RBA Statement on Monetary Policy
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