Technical Analysis – EUR/AUD positive in the near term

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 […]