EUR/AUD Technical Analysis

(1,4440) EUR/AUD could be on the way to form a top, eve a double top supporting finally a deeper correction that could see the cross below 1,40 soon! A daily closing below 1,4440 will confirm a top!! The indicators of the daily chart are still well negative and also those of the s/t charts are negative supporting lower levels. Bullish divergences in the s/t charts support a negative tone. We suggest waiting for confirmations but we could be now very close to a top!

Read the full report: EURAUD 09.04

 

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