Mon, 08 Feb 2016 13:59:07 GMT
EUR/AUD 4H Chart: Broadening Rising Wedge
EUR/AUD is successfully escaping the vicinity of a dense area of support levels between 1.5629 and 1.5354, the weekly pivot point and the pattern's lower edge, accordingly. Since early December the exchange rate has been broadly located above the 200-period SMA, meaning market sentiment is maintaining an overall bullish bias. With 4H and weekly technical indicators sensing signals to acquire