18.05.201608:21:00UTC+00Fxwirepro: Eur/aud Major Resistance at 1.56, Further Upside Only on Breaks Above

EUR/AUD saw sharp downside as Aussie buoyed post RBA minutes yesterday which saw markets push out rate cut bets.
The pair has recovered the steep slump post RBA minutes, up from hit session lows at 1.5366 to currently trade at 1.5519.
Downside finds strong support by daily cloud top at 1.5359, break below needed for further downside.
Stochs are at overbought levels so some caution advised, while RSI strength seen at 64 levels.
Break below daily cloud finds next strong support at 1.5292 (200-DMA) and further below at 1.5220 (May 5th lows).
On the upside breaks above 1.56 will take the pair to next major hurdle at 1.57.

Zpět na seznam

Turn "Do Not Track" off