The pair is rebounding, given the possibilities of a RBA rate hike on the 6th of April. The pair now trades at 0.9140. The bands of Bollinger show a volatility of 150 pips in the hour, while the 14 days RSI is clearly overbought. According to the Parabolic SAR, the pair shows long entry signs.On the four hours chart, the Ichimoku cloud confirms the bullish trend of the pair, while traders wait for the interception of the fast and slow average. The 50 days MA is under the Spot, while the Bulls are on positive ground, showing long entry signs.
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