Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/AUD capped below stiff channel top resistance, long breakout

  • EUR/AUD has been edging down a falling channel since June. 
     
  • Price action is attempting breach of channel top resistance at 1.4740.
     
  • Technical indicators support upside: Stochs, RSI and CCI suggest bullish bias.
     
  • Immediate support and resistance are seen at 1.4604 (5-DMA) and 1.4810 (July 8 high). 

Recommendation: Good to go long on breakout above 1.4740, SL: 1.4630, TP: 1.4830/ 1.49/ 1.4939
 

  • Market Data
Close

Welcome to EconoTimes

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