EUR/AUD 4H Chart: Bullish signals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇒⇗

[ANNOUNCE]During the past two weeks sessions, the common European currency has surged by 983 pips or 6.11% in value against the Australian Dollar. The currency pair hit a new high at 1.7087 on March 2. [/ANNOUNCE]

As for the near future, the EUR/AUD exchange rate will most likely continue to trade bullish. The potential target for bullish traders would be near the weekly R2 at the 1.7498.

However, a resistance cluster formed by the weekly R1 and the monthly R1 at the 1.7319 could provide support for the currency exchange rate within this week's trading sessions.

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