Tag Archives: EUR/AUD

Wednesday’s correction gathered momentum with the bearish close confirming a break of the 21-DMA and rising daily channel base with

AUD/USD was unable to better Tuesday’s 2014 highs with the sharp correction lower and relatively bearish close Wednesday of some concern to bulls.

Monday’s bounce has been followed up with fresh 2014 and fresh 9 month highs with immediate focus having shifted to the $0.9536-49 region.

AUD/USD dipped below the previous $0.9404 support before bounce sharply from ahead of the 21-DMA and rising daily channel base off June monthly lows.

AUD/USD continued to work its way back towards 2014 highs on Friday with initial support now noted at $0.9404.

AUD/USD extended gains following on from Wednesday’s bounce from the 21-DMA. Initial support is noted at $0.9396 with

The 21-DMA confirmed its significance as support on Wednesday with the bounce from just ahead of this support keeping bullish hopes alive.

Bears take comfort in the pullback from ahead of 2014 highs and relatively bearish close with immediate focus now on the $0.9322-45 region.

The rally places thoughts of a correction on hold for now although bears will take comfort in the failure ahead of 2014 highs combined with