EUR/AUD gathered significant positive traction this week, breaking above its SMAs.
EUR/AUD bulls pushed to a peak of 1.6678, slightly above the January 3 high of 1.6655.
EUR/AUD reclaimed the losses of the drop from the 1.6447 high on June 18 to a low of 1.5893 on July 23.
EUR/CAD recovered slightly to the upside after it reached a fresh 22-month low around the 1.4600 psychological level last week.
EUR/AUD descended from a five-and-a-half-month high of 1.6447, over a one-month period.
EUR/AUD has been underperforming in the past three days.
EUR/AUD finally reversed to the upside last Thursday after printing higher lows and higher highs.
EUR/AUD is extending its gains over the last couple of weeks, recording a fresh more than five-month high around 1.6350.
EUR/AUD recorded some losses in the past few days, crossing below its 20-day simple moving averages (SMA) to touch the 1.6050 support level.
EUR/AUD positive in the near term, neutral in the medium run. EUR/AUD recorded decent gains in the past month, crossing above its 50- and 200-day simple moving averages (SMA) to touch 1.6260, a high last seen in January. The short-term picture thus seems positive, though for the medium-term outlook to turn positive too, a break above […]