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.
Comment:
Unexpected rate cut by RBA has move the pair lower. GDT auction come today is again negative
