Back
12 Aug 2013
EUR/AUD bouncing from 1.4473 lows
FXstreet.com (Chicago) - EUR/AUD dropped to quickly bounce off 1.4473 intraday lows.
Price action indicates the pair is aiming to recover incurred early losses. Trading at 1.4492, the pair remains oscillating between supports at 1.4446 (July 24th highs), 1.4406 (June 2nd high) ahead of 1.4350 (July 18th high) and resistances at 1.4531 (August 9th high), 1.4578 (March 20th 2010 high) followed by 1.4695 (December 2009 lows).
The FXstreet trend index reports the pair as slightly bearish on one-hour timeframe analysis flat in gain percentage as it has recovered earlier losses. The pair trades below the 20-days moving average along a MACD (26, 12, 9) pointing down.
Price action indicates the pair is aiming to recover incurred early losses. Trading at 1.4492, the pair remains oscillating between supports at 1.4446 (July 24th highs), 1.4406 (June 2nd high) ahead of 1.4350 (July 18th high) and resistances at 1.4531 (August 9th high), 1.4578 (March 20th 2010 high) followed by 1.4695 (December 2009 lows).
The FXstreet trend index reports the pair as slightly bearish on one-hour timeframe analysis flat in gain percentage as it has recovered earlier losses. The pair trades below the 20-days moving average along a MACD (26, 12, 9) pointing down.