The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.
A bullish movement up to the next resistance at 1.77442 is expected.
Caution: A possible counter-trend in the direction of the support zone at 1.76928 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair is likely to rise.
Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.77688 |
| 2nd High | 1.77594 |
| Next High | 1.77442 |
| Current Price | 1.77530 |
| Next Low | 1.76928 |
| 2nd Low | 1.76895 |
| 3rd Low | 1.76297 |
1.77442 – 1.77594 – 1.7757 – 1.76928 – 1.76895 – 1.77104 —
1.77312 – 1.77453 —
52.383943050393 – 59.208880526011 —
– —
1.77442 – 1764556200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Rising Wedge Chart Pattern – – – – – – – –