The EUR/AUD pair is still into an uptrend, according to our technical analysis. The price on the daily chart has already reached EMA 20, EMA 50, and EMA 100. The MACD is into positive territory, and the RSI oscillator is above 50. According to the weekly chart, the price is above EMA 20, EMA 50, and EMA 100. The stochastic oscillator and the RSI on the weekly chart indicate the uptrend for this pair.
The most important data from this week:
December 2
ECB President Lagarde testifies at European Parliament
December 3
RBA rate (0.75% expectation); ( 0.75% previous)
December 4
Australia GDP QoQ (0.5% expectation)
YoY (1.4% expectation
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