EUR/AUD reversed from support area

EUR/AUD reversed from support area

  • EUR/AUD reversed from support area
  • Next buy target - 1.4800

EUR/AUD today reversed up from the support area lying between the key support level 1.4650 (former strong resistance from December, which has reversed previous correction (ii) and A, as can be seen from the daily EUR/AUD chart below), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp intermediate ABC correction (A) from the end of February. Given the strength of the support level 1.4650 - EUR/AUD is expected to rise to the next buy target at the next resistance level 1.4800.

Similar

USD/JPY: "High Wave" pattern

We could have just a local upward correction in the short term. Nevertheless, bears are likely going to test the lower "Window"...

Popular

EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera