Technically:
- trend spike which turned into a trend channel confirming the underlying sentiment
- MACD signals divergence
- MAs signal divergence
- expanding BB on daily-intraday charts from narrow range marks the start of a new trend
- the longevity of the range is a sign of reversal instead of continuation historically
Fundamentally:
- dovish tones from RBA, no rate rise in the foreseeable future
- expectation of a rate hike in the US in Q1-Q2 2015
- trend spike which turned into a trend channel confirming the underlying sentiment
- MACD signals divergence
- MAs signal divergence
- expanding BB on daily-intraday charts from narrow range marks the start of a new trend
- the longevity of the range is a sign of reversal instead of continuation historically
Fundamentally:
- dovish tones from RBA, no rate rise in the foreseeable future
- expectation of a rate hike in the US in Q1-Q2 2015