FXstreet.com (Barcelona) - EUR/AUD is currently at session highs 1.2376 bouncing from fresh 9-day lows printed early Thursday NY session, falling from weekly highs Wednesday right after HK open at 1.2460. The cross is lower by -0.41% for the week, now around Tuesday lows, previous weekly lows.
“Pressure is slowly turning towards downside” the FXMarketAlerts Team says, adding: “with prices taking out the 1.2350 support last session and further enforced by the negative crossing seen on daily MACD and should see lower support at 1.2258 targeted,” the analysts note. “Intraday trade attract sellers so long prices stays below 1.2418 resistance,” the team concludes.
In FXMarketAlerts eyes resistance is located at: 1.2418 (27 Sep high), 1.2457 (26 Sep high), and 1.2516 (19 Sep high), while support is expected at: 1.2322 (27 Sep low), 1.2286 (13/14 Sep lows), and 1.2258 (12 Sep low).
“Pressure is slowly turning towards downside” the FXMarketAlerts Team says, adding: “with prices taking out the 1.2350 support last session and further enforced by the negative crossing seen on daily MACD and should see lower support at 1.2258 targeted,” the analysts note. “Intraday trade attract sellers so long prices stays below 1.2418 resistance,” the team concludes.
In FXMarketAlerts eyes resistance is located at: 1.2418 (27 Sep high), 1.2457 (26 Sep high), and 1.2516 (19 Sep high), while support is expected at: 1.2322 (27 Sep low), 1.2286 (13/14 Sep lows), and 1.2258 (12 Sep low).
