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EURAUD D1 02 03 2020 1205

 

The EUR/AUD pair might continue to rise in the near term, according to our daily and weekly analysis. The price has already reached EMA 20, EMA 50, and EMA 100, and the MACD is still positive, on the daily chart. The uptrend RSI pattern is in the progress of getting completed, and the stochastic oscillator indicates an uptrend on the weekly chart. The price stays above EMA 20, EMA 50, and EMA 100.

The most important data from this week:

January 3

RBA rate decision 0.75% expected  (0.75% previous)

January 4

RBA Governor Lowe Gives Speech in Sydney  

January 5 

 ECB President Lagarde Speaks in Paris

January 7

RBA's Lowe Semi-annual Testimony to Parliament Committee

RBA Statement on Monetary Policy

EURAUD W1 02 03 2020 1204

 

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