These are indicators that the pair could trend higher. We've seen a strong movement up to the first . From there, it's reasonable to think there will be a short retracement to previous levels, before continuing further up to the next key .
However, the upcoming Australian CPI announcement and the Fed's decision could invalidate this idea if the data proved to be different from the consensus so far. Anyone taking a position (any position really) should take care to keep in mind theses upcoming economic news releases.
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