EUR/AUD 4H Chart: Bears could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralNeutralSell
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇒⇒

[ANNOUNCE]The common European currency declined by 1.00% against the Australian Dollar during last week's trading sessions. The currency pair reversed from the 1.5600 level on March 24.[/ANNOUNCE]

All things being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for the EUR/AUD pair will be near the 1.5300 area.

However, a support cluster at the 1.5350 level could provide support for the currency exchange rate in the shorter term.

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