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Euro / Australian Dollar
Long

EURAUD Bounced Nicely Off Its Support, Potential To Rise Further

By ICmarkets
Broker
EURAUD bounced off its support at 1.5965 (61.8% Fibonacci extension, 50% Fibonacci retracement, 61.8% Fibonacci retracement, ascending support line) where it could potentially rise to its resistance at 1.6142 (61.8% Fibonacci extension, horizontal swing high resistance). We do have to be cautious of the intermediate resistance at 1.6058 (23.6% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) bounced nicely off its support at 2.37% where it has a lot of upside potential.
audBitcoin (Cryptocurrency)bitcoinforecastBTCUSDChart PatternsEUREURAUDeuraudlongForexforexsignalsHarmonic PatternsTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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