EUR/AUD 4H Chart: Remains near 1.6127

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

[ANNOUNCE]During last week's trading sessions, the single European currency appreciated about 1.34% in value against the Australian Dollar. The 50-hour simple moving average guided the currency pair upward.[/ANNOUNCE]

Currently, the exchange rate is trading near the upper boundary of an ascending channel pattern at 1.6103 and could be set for a breakout.

If this breakout occurs, a surge towards a swing high of 1.6372 could be expected within this week's trading session.

Although, a resistance cluster formed by the combination of the weekly and the monthly pivot points at 1.6149 could hinder such movement.

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