Technically: - trend spike which turned into a trend channel confirming the underlying sentiment - MACD signals divergence - MAs signal divergence - expanding BB on daily-intraday charts from narrow range marks the start of a new trend - the longevity of the range is a sign of reversal instead of continuation historically Fundamentally: - dovish tones from RBA, no rate rise in the foreseeable future - expectation of a rate hike in the US in Q1-Q2 2015