EUR/AUD 4H Chart: Passing dominant support

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Buy
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The common European currency has extended its decline against other currencies during the past few trading sessions. However, one of the most notable chart, where this decline can be observed is the EUR/AUD chart. 

It can be observed that the currency exchange rate during the decline of the Euro has passed a dominant channel's lower trend line, which managed to hold only for a couple of weeks. 

However, the decline was already stopped by the support of a junior channel down pattern. It can be expected that this trend line will guide the rate down to a strong support cluster, which is located near the 1.5180 mark.

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