The combination Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 1.64061 is certain.
Caution: A possible trend reversal in the direction of the support line at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64625 |
| 2nd High | 1.64342 |
| Next High | 1.64061 |
| Current Price | 1.63978 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.64061 – 1.64342 – 1.64625 – 1.63444 – 1.63223 – 1.63309 —
1.63828 – 1.63909 —
62.328951439702 – 54.619837536456 —
– —
1.64061 – 1784174400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –