EUR/AUD Technical Analysis

(1,4260) EUR/AUD confirmed on Friday a positive closing while however remaining interior the range of the previous session forming a new inside day with 1,4415 – 1,4225 the levels to follow in the coming hours. A daily closing below the support will favour further weakness suggesting a 1,40 undershooting. The weekly closing was positive but we had already a new s/t low this morning!! The indicators of the daily chart are still well negative and now also those of the weekly one are tuning below the line supporting further weakness. The indicators of the s/t charts are also negative supporting further weakness. Bullish divergences in the hourly chart support a negative tone. The return below 1,43 confirmed a new negative reversal suggesting a s/t target at 1,3908!! We expect further weakness

Read the full report: EURAUD 09.16

 

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