FX:EURAUD   Euro Fx/Australian Dollar
47 3 1
The EUR is showing some weakness that could last for a bit, and the AUD has probably bottomed.
ForceFollower
2 years ago
Yes, the AUD has recently been strengthening. The question is how long is it going to do so, esp. because it grows overbought, whereas the EUR is getting oversold. If this pair doesn't stop and reverse at the current up trend line, I expect it to find support at 1.5338.
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fxgraffiti ForceFollower
2 years ago
I think it's possible we could see the EURUSD below 1.34 by the end of March, maybe as low as 1.3375. The AUD admittedly does not inspire confidence, but I have a bit of a contrarian streak that I probably should try to do away with.
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ForceFollower fxgraffiti
2 years ago
These targets are pretty long-term. :-) First we've got your nicely marked 1.5000 level.
Anyway, you've got it going your way. I will see how it responds to 1.531-1.534 level.
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