The combination Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards
The bullish trend up to the next resistance at 1.64496 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.6414 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65168 |
| 2nd High | 1.64628 |
| Next High | 1.64496 |
| Current Price | 1.64036 |
| Next Low | 1.6414 |
| 2nd Low | 1.64083 |
| 3rd Low | 1.63371 |
1.64496 – 1.64628 – 1.65168 – 1.6414 – 1.64717 – 1.64435 —
1.64245 – 1.64024 —
43.657351785315 – 26.550124699236 —
– —
1.64496 – 1781281800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –