Nick Nasad
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EUR/AUD: Start of a Move Towards 2013 Highs?

With the Aussie losing its steam, the EUR/AUD is an interesting pair again.

  • It first found support at 1.5130, and after a short consolidation, broke above and held the 1.5190 area.
  • The pair has not also established a short-term upward channel.
  • It now tests 1.53 resistance, and if it managed to climb and hold above that, the pair may be ready to attack its highs from 2013 set in December near 1.5550.