The pair rose due to the unchanged interest rate in Australia. It will probably continue to grow if the US Nonfarm data to released this Friday is weak. Until then, if it can’t hold on to 0.7200 level, a slight correction downwards can be expected.
The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI index grows has slowed down. Stoch enter overbought zone.
Trading recommendations: Sell the pair locally with a possible target of 0.7165-70.