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Daily Forex Technical Analysis: Euro heading to March Levels against Australian Dollar

ForexMarketz September 22, 2014 Technical Analysis Leave a comment 786 Views

EUR/AUD – 1.447

Investors could expect a continuing bullish trend for the EURAUD pair.   The monthly  chart, seen below, shows a trend to flatten with support at around 1.445-1.446. Resistance is showing as high as 1.449.

EUR/AUD Monthly Chart
EUR/AUD Monthly Chart

 

The Daily chart, see below, shows the Forex pair  is in the direction to potentially rise to 1.45 or even higher.   There is some signs warning us of volatility that could turn again the pair into a bearish trend. Please note the RSI inching closer to 70.

EUR/AUD Daily Chart
EUR/AUD Daily Chart

 

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