9 Jul 2013
EUR/AUD overtakes 1.4100 level
FXstreet.com (New York) - The EUR/AUD technical cross has moved higher during Asian trading Tuesday, presently recording session highs.
EUR/AUD resistance at 200-day SMA
Following a movement higher, the EUR/AUD has solidified its grip on the 1.4100 level, trading at 1.4108, +0.11% in these moments. The cross will look to test resistance at 1.4111 (200-day SMA), as it is presently operating above its 55-day MA.
EUR/AUD indicators pointing south
According to the Analyst Team at FX Charts, “The daily oscillators are pointing increasingly south for EUR/AUD and it looks to me as though the 4-hour charts may be forming a head/shoulder top, with a neckline close by at 1.4050. A break of this would suggest a quick run towards the Fibo support at 1.3890, a break of which could head to rising trend support, currently coinciding with the first major Fibo support (23.6% of 1.1610/1.4415) at 1.3755.”
EUR/AUD resistance at 200-day SMA
Following a movement higher, the EUR/AUD has solidified its grip on the 1.4100 level, trading at 1.4108, +0.11% in these moments. The cross will look to test resistance at 1.4111 (200-day SMA), as it is presently operating above its 55-day MA.
EUR/AUD indicators pointing south
According to the Analyst Team at FX Charts, “The daily oscillators are pointing increasingly south for EUR/AUD and it looks to me as though the 4-hour charts may be forming a head/shoulder top, with a neckline close by at 1.4050. A break of this would suggest a quick run towards the Fibo support at 1.3890, a break of which could head to rising trend support, currently coinciding with the first major Fibo support (23.6% of 1.1610/1.4415) at 1.3755.”