The pair its on a clear downward trend, an upward move is covered by the 200 & 800 EMA around 0.6770.
On Thursday is the Q4 CPI release that may influence the downward potential
Also a potential OCR CUT (official cash rate cut) and a break bellow rthe 0.6720 ( 61.8 fibo ) may drive the pair to lower range as the 0.6650 .
On Thursday is the Q4 CPI release that may influence the downward potential
Also a potential OCR CUT (official cash rate cut) and a break bellow rthe 0.6720 ( 61.8 fibo ) may drive the pair to lower range as the 0.6650 .