OANDA:EURAUD   Euro / Australian Dollar
Overall uptrend, a solid trend that has been in the run for a long time. Recently, this pair consolidated for a long time so we can only speculate that this is the market taking on orders, and lack of volatility over christmas. HH and HL's plus a recent touch of the ascending trendline say to me that we are going upward once we break the 1 hour yellow zone above current price. On the daily, price has printed a doji candle with a long downward wick, so will need to be wary of this, we are also approaching a strong resistance area so we could see a reversal, but short term we are still upward.
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.