Fri, 14 Sep 2012 19:31:52 GMT
EUR/AUD breaches 200-day SMA
Yesterday's bearish reaction was stopped today, as the EUR/AUD currency pair experiences a huge bullish correction, which already managed to breach the 200-day SMA, and now the price is approaching the upper Bollinger band at 1.2476, which is expected to reverse the prevailing movement upwards. However, if it fails to stop the rally, then the currency couple might reach the