EUR/AUD: 1-hour
Will the range resistance hold for EUR/AUD? The pair has been pacing back and forth between support at the 1.3950 minor psychological level and resistance at the 1.4350 minor psychological mark for the past few weeks. Price is currently testing the top of the range and may be ready to head south once more or at least until the middle of the range at the 1.4150 area. Stochastic is still pointing up, hinting that euro bulls might have enough energy to push for an upside breakout, which might lead to further rallies for the pair. Make sure you review our lesson on How to Trade Breakouts if you’re thinking of taking that route.
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