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Euro / Australian Dollar
Long
Updated

Nice-looking confluence to buy the EUR/AUD

215
Reasons printed on the chart :)
Note
Reasons are as follows:

Channel support taken from the high 1.4975.
Trendline support extended from the low 1.4896.
AB=CD 127.2% ext. point at 1.4939.
Mid-level support at 1.4950.
RSI closing in on oversold territory.
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.
Also on:
Chart PatternsHarmonic PatternsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsHarmonic 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.
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.