Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption

• EUR/AUD struggling to make bearish headway today as investors are awaiting Fed's Powell talk on US economy at Wall Street Journal jobs summit.

• EUAUD stood at 1.5449, having recovered from 1.5430 (Daily low). EURAUD has managed to stay clear of major support around 1.5393( 23.6%fib).  

• Daily techs  favours  bearish sentiment, RSI is at 43 and pair trades below 5,9  & 11-DMAs.

• Resistance is located at 1.5552( 38.2%fib) and at 1.5608 (30DMA).

• Support is found at 1.5393( 23.6%fib)  and at 1.5285 (Lower BB).

Recommendation: Good to sell   around 1.5450 with stop loss of 1.5600 and target price of 1.5300.
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.