EUR/AUD 4H chart: Breaks one-month highs

The common European currency has surged by 1.61% against the Australian Dollar since April 1. The currency pair hit a one-month high during this week's trading sessions.

Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, the exchange rate could continue to edge higher during the following trading sessions.

However, a resistance level at 1.5679 could provide resistance for the EUR/AUD currency exchange rate in the shorter term.


EUR/CAD 4H chart: Bulls could prevail

The Eurozone single currency has surged by 1.90% against the Canadian Dollar since April 1. The currency pair breached the 1.5000 level during last week's trading sessions.

The EUR/CAD currency exchange rate is likely to make a brief retracement towards a support level at the 1.4800 area during the following trading sessions.

A potential upside reversal could occur from the support line at 1.4800 level during this week's trading sessions and could target the upper line of a descending channel pattern at 1.5184.


This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD skyrockets to 1.2150 on poor US jobs figures

EUR/USD has hit a new multi-month peak above 1.2150 after the US reported an increase of only 266,000 jobs in April against nearly one million expected. The dollar is under immense pressure. 


GBP/USD soars toward 1.40 after disappointing Nonfarm Payrolls

GBP/USD has been extending its gains after the US Nonfarm Payrolls badly disappointed with an increase of only 266,000 jobs in April, nearing 1.40. Earlier, sterling benefited from the UK Conservative Party's gains in local elections. 


XAU/USD soars above $1,835 after weak Nonfarm Payrolls

Gold has leaped above $1,835 after the US reported an increase of only 266K jobs in April, far below expectations. Lower US yields support the precious metal.

Gold News

Judge reaffirms order SEC must produce documents on Bitcoin, Ether and XRP in Ripple case

Ripple's victory granted the firm access to the SEC's documents on the three leading cryptocurrencies. The regulatory agency recently denied the possession of these documents.

More Dogecoin News

S&P 500 and Nasdaq: Can the Fed pump anymore after weak jobs report

Well, that was an interesting jobs report. Not too many people were forecasting that one. Just in case you missed it NFP were forecast to come in around the 1 million jobs gained but instead the US only added 266k.

Read more