The combination Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 1.66166 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.64317 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66898 |
| 2nd High | 1.66217 |
| Next High | 1.66166 |
| Current Price | 1.65146 |
| Next Low | 1.64317 |
| 2nd Low | 1.64314 |
| 3rd Low | 1.63027 |
1.64898 – 1.64962 – 1.64703 – 1.64317 – 1.64314 – 1.63027 —
1.65367 – 1.65125 —
63.647817642521 – 51.504788001767 —
– —
1.64898 – 1782406800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Rising Wedge Chart Pattern – – – – – – – –