- The EURAUD pair is trading within the 1.62300-1.62700 range today, with a possible break to a new daily high on the horizon.
- The EURNZD had a very successful day yesterday, breaking above the 1.80000 level.
EURAUD Chart Analysis
The EURAUD is trading in the 1.62300-1.62700 range today, with a possible breakout towards a new daily high on the horizon. We are currently close to the upper line, and a move towards this week's high at the 1.62852 level is not far away. A break above could lead to the formation of a new weekly higher value, with possible higher targets at the 1.63000 and 1.63200 levels.
For a bearish option, we need a negative consolidation and a drop to the support level of 1.62300. There, we would retest the support of the EMA 50 moving average. With the momentum below, we move to a new daily low and thus indicate the weakness of the EURAUD. After that, the pair will be under a strong bearish momentum and might fall further. Possible lower targets are the levels of 1.62200 and 1.62000.
EURNZD Chart Analysis
The EURNZD pair had a very successful day yesterday, breaking above the 1.80000 level. During the Asian session this morning, the pair solidified its position and continued its upward trajectory reaching the 1.80780 levels. After a retest of the daily opening price, the pair took a bullish turn. With this new momentum, the pair is expected to rise to fresh weekly highs, potentially reaching the 1.81000 and 1.81200 levels.
For a bearish option, EURNZD would have to pull back to 1.80250, the daily opening price. Upon crossing below that level, we would fall to the bearish side. This would strengthen the bearish momentum and influence the price to continue its pullback. Possible lower targets are the 1.80000 and 1.79800 levels. The EMA 200 moving average is in the area of the 1.79000 levels.
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(tags to translate) EUR/AUD
