© Dukascopy Bank SA
Supports: 1.1764; 1.1729; 1.1678
Outlook
Today the EUR/AUD currency couple made a significant move upwards, and a new monthly high has already been reached. As for now the price confronts the upper Bollinger band at 1.1916, which is likely to slow down the rally. In case it is breached, then the currency pair might reach the 55-day SMA at 1.1962, which is expected to change the direction of the current movement. Additionally, RSI indicator remains neutral, therefore the currency couple is neither over-bought nor over-sold at the particular moment.
Traders' sentiment
Traders at SWFX market have mixed feelings regarding the EUR/AUD currency pair, as 48% of traders hold bullish positions and 52% of traders hold bearish positions. The orders are distributed in a rather similar manner, since 41% of traders ordered to buy and 59% ordered to sell the Euro.