Daily forex analysis
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
The secondary trend of EUR/AUD is bullish on charts. In its hourly chart, the pair is not sustaining above the trend line and consolidating with strong positive bias to show upside movement in the market. Its 50 and 200 DMA are also supporting the upcoming bullish trend in the pair. It is having an important resistance at the level of 1.5530 and support at the level of 1.5335. If it breaks its resistance level and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in buying territory supporting the upcoming bullish trend in the pair.
RSI is also sustaining above its buying territory indicating the upcoming bullish trend in the pair.
STRATEGY: EUR/AUD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.