From low (1.057) to high (1.131) it is retracing to 0.618 fib 1.086-1.088 and may bounce from this level and may target 1.16 and than 1.20. Bullish trend line in RSI also supports this view as it reaches important support.
11 months ago
Unexpected rate cut by RBA has move the pair lower. GDT auction come today is again negative