EUR/AUD 4H Chart: Bounces off resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇒ ⇒ ⇒

[ANNOUNCE]The Euro recently met the upper trend line of a medium scale channel down pattern against the Australian Dollar. Due to that reason the pair is expected to decline. [/ANNOUNCE]

In general, the currency exchange rate is set to decline down to the lower trend line of a dominant channel up pattern. 

However, if one looks closely it is highly more likely that the pair will be first hindered by the 55 and 100-period SMAs. Afterwards the pair should reach for a support cluster near the 1.5550 mark. An even more dominant support will be expecting there .

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