Euro Australian Dollar (EUR/AUD) - 08/07/2008 - Archive

EUR/AUD - Euro Australian Dollar

EUR/AUD - Euro Australian Dollar

Short term (Intraday)

1,6458. EUR AUD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR AUD. The price should find a resistance below 1,6500. The consolidation should continue. We won't take a position.

Resistances
1,6500 - 1,6600
Supports
1,6420 - 1,6400
updated 08 juil 2008 11:08 GMT +02:00

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