Tue, 20 Nov 2012 19:22:55 GMT
EUR/AUD breaches 20-day SMA
Today the EUR/AUD currency pair experienced a significant bullish correction, which has already managed to breach the 20-day SMA at 1.2329, and at the particular moment the currency couple is gradually heading towards the 200-day SMA at 1.2398, which is expected to stop the current movement upwards, however, if it is broken, then the price might reach the 55-day SMA,