Our pair continues to be in a price corridor. At the moment we are seeing a powerful upward impulse on the last candle.
Today at the beginning of trading session the Reserve Bank of Australia's decision on the interest rate was published. As expected, rates remained at the same level.
We expect that this upward movement will remain within the current channel and the pair will be reflected from the level of 0.7480.
Our technical indicators indicate a buy recommendation. The current price is pressed to the upper boundary of the Bollinger Bands. We believe that the pair will continue its upward movement. We advise you to take long positions and look for points to fix profit near the mark of 0.7480.
