EUR/AUD Uptrend

20 April, 2017

EUR/AUD Uptrend

There’s a broad up-trend been forming for EUR/AUD since late February. Fundamentals could break this running into the weekend break, but a test of the 200 day moving average around 1.4360 in the short term could be worth looking for.

Again fundamentals could overshadow in the medium term, but technical indicators on gold are pointing towards the downside with support likely to be found around the $1269-$1272 range then potentially down to $1245.

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