Price has entered the weekly demand zone and formed an inverse head and shoulders.
Price also shows bullish divergence on the RSI indicator.
Recent fundamental news of AUD showed increase in unemployment and father rate cuts are expected in the near future.
Price also shows bullish divergence on the RSI indicator.
Recent fundamental news of AUD showed increase in unemployment and father rate cuts are expected in the near future.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.