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FxWirePro: EUR/AUD rejected at 200-DMA, lacks clear directional bias

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 o…

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FxWirePro: EUR/AUD rejected at 200-DMA, lacks clear directional bias
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  • 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
     

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