Fri, 10 Jan 2014 12:15:22 GMT
EUR/AUD 1H Chart: Channel Up
After hitting a rock bottom near 1.51 on January 3 EUR/AUD started an up-trend on the hourly chart that still remains topical. Right now the exchange rate is undergoing a bearish correction from 1.5358 forced by the 200-hour simple moving average and is therefore headed towards the up-trend support line, which is expected to terminate the decline in the region