On Fundamentals: The RBA “decided to purchase an additional $100 billion of bonds issued by the Australia Government. So this, -needs to be derived from a longer time frame, to understand the sentiment there.
A drop should happen according to the MACD, but above alert 0.77888 the price will be bullish towards 0.78655 The bias is 0.79028, it has potential to go even higher but we won't get into that.
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Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with so isme being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.