Expect to rise. Turning point: 0.7125. Above 0.7125, bullish, target price is 0.7145, then 0.7160. Under 0.7125, bearish, target price is set at 0.710, then 0.708. RSI technical indicators show a further upward trend.
However, it's likely that it's the temporary correction. The down-trend in long term doesn't change.
Note
The temporary correction is over and Aussie drops again. Although the employment data is optimistic, the risk of real estate bubble is even higher.
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.