EUR/AUD 4H Chart: Decline likely to continue - Trade Pattern Ideas - Dukascopy Bank

Mon, 01 Apr 2019 05:06:04 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)SellSellSell
Aggregate

Downside risks have dominated the single European currency versus the Australian Dollar since last week's trading session. The currency pair lost about 1.40% in value during this time period.

Everything being equal, it is likely that the currency exchange rate will continue its decline in the shorter term. Bears could push the pair towards the lower boundary of a dominant ascending channel at 1.5687.

Although, a support level at 1.5733 could provide support for the EUR/AUD exchange rate during the following trading sessions.


Back to feed
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.