FxWirePro: EUR/AUD rejected at 200-DMA, lacks clear directional bias
Friday, September 16, 2016 6:18 AM UTC
- EUR/AUD faced rejection at 200-DMA at 1.5065, trades largely unchanged on the day.
- The pair has cleared slipped below 100-DMA at 1.4979, we see no clear directional bias.
- Weekly charts are bullish. Stochs, RSI and MACD on weeklies confirm upside.
- Further upside likely on break above 200-DMA. Test of 1.55 levels then likely.
- Major support levels - 1.49 (trendline), 1.4843 (10-DMA), 1.4825 (20-DMA)
- Major resistance levels - 1.4968 (5-DMA), 1.4979 (50-DMA), 1.50, 1.5065 (200-DMA)
- Weakness to resume on break below 1.49, any upside likely above 200-DMA at 1.5065