28 Oct 2013
EUR/AUD maintains 1.44; higher lows printed
FXstreet.com (Chicago) - EUR/AUD finds bids above the 1.44 zone ahead of Australian data later tonight and little data releases for Europe.
EUR/AUD Technical Levels
Extending the upward trendline from last October 23rd, the pair seems to exhaust rally above the 1.44, where it trades, navigating between the supports aligned at 1.4365 (October 2nd lows), 1.4296 (October 8th lows) ahead of 1.4236 (October 16th highs) and the resistances set at 1.4413 (October 9th highs), 1.4463 (October 6th highs) followed by 1.4524 (September 30th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis above the EMA20. Higher highs and lows are registered although 1HR and 4HR charts indicate the potential exhaustion of a bullish move with a strong resistance around the 1.440 zone.
EUR/AUD Technical Levels
Extending the upward trendline from last October 23rd, the pair seems to exhaust rally above the 1.44, where it trades, navigating between the supports aligned at 1.4365 (October 2nd lows), 1.4296 (October 8th lows) ahead of 1.4236 (October 16th highs) and the resistances set at 1.4413 (October 9th highs), 1.4463 (October 6th highs) followed by 1.4524 (September 30th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis above the EMA20. Higher highs and lows are registered although 1HR and 4HR charts indicate the potential exhaustion of a bullish move with a strong resistance around the 1.440 zone.