27 Nov 2013
EUR/AUD fresh at 3-month highs above 1.4860
FXstreet.com (Chicago) - EUR/AUD sustains earlier gains with strong rally that pushed the pair to 3-month highs completing a flag pattern.
EUR/AUD Technical Levels
Price action reveals a pair that manifested a flag that sent the price around 3-month highs. Sustaining performance and with speedy lines that leave an upward trendline intact (origins last November 7th lows), the pair is offered at 1.4860 and oscillates between the supports aligned at 1.4854 (August 30th highs), 1.48 (November 22nd highs) ahead of 1.4756 (August 23rd lows) and the resistances set at 1.4882 (November 26th highs), 1.4935 (August 22nd highs) followed by 1.5031 (August 28th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.
EUR/AUD Technical Levels
Price action reveals a pair that manifested a flag that sent the price around 3-month highs. Sustaining performance and with speedy lines that leave an upward trendline intact (origins last November 7th lows), the pair is offered at 1.4860 and oscillates between the supports aligned at 1.4854 (August 30th highs), 1.48 (November 22nd highs) ahead of 1.4756 (August 23rd lows) and the resistances set at 1.4882 (November 26th highs), 1.4935 (August 22nd highs) followed by 1.5031 (August 28th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.