The combination Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 1.6595 is expected.
Caution: A possible trend reversal in the direction of the support line at 1.64793 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.65793448 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.6595 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67194 |
| 2nd High | 1.66273 |
| Next High | 1.6595 |
| Current Price | 1.65538 |
| Next Low | 1.64793 |
| 2nd Low | 1.64523 |
| 3rd Low | 1.64241 |
1.6595 – 1.65199 – 1.6593 – 1.64793 – 1.64523 – 1.64241 —
1.65367 – 1.65491 —
54.189554559817 – 58.263993946899 —
– —
1.6595 – 1772740800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –