- During the Asian session this morning, the EURAUD rose to a new weekly high at 1.64298.
- This morning, EURNZD rose to a new July high of 1.82573.
EURAUD Chart Analysis
During the Asian session this morning, the EURAUD reached a new weekly high at 1.64298. At that level, the bullish momentum was lost and the pair started a pullback. We are now at the 1.63950 level and are under pressure to continue falling to a new daily low. Possible lower targets are the 1.63500 and 1.63000 levels.
Additional support for EURAUD is the EMA 50 moving average in the area of 1.63500. To return to the bullish side, we need to stabilize at 1.64000 and start a positive consolidation. After that, we can expect a return to the level of 1.64300 and a test of this morning's high. The new momentum above takes us to a new weekly high and thus confirms the continuation of the bullish side. Possible higher targets are the levels of 1.64500 and 1.65000.
EURNZD Chart Analysis
This morning, EURNZD rallied to a fresh July high at 1.82573. After its formation, we saw a pullback to the 1.82000 level. For now, we have that support and are recovering slightly to the 1.82200 level. If this consolidation continues, we could retest this morning's high. A revisit to that area could produce the push towards a fresh weekly high.
Potential targets on the upside are the 1.82600 and 1.82800 levels. EURNZD would have to pull back below the 1.82000 level for a bearish option. With such a move, we are heading for a new daily low. This confirms that the pair is under pressure to start a pullback and seek support at lower levels. Potential targets on the downside are the 1.81800 and 1.81600 levels. The first additional support for EURNZD is the EMA 50 moving average and the 1.81100 levels zone.
!function (f, b, e, v, n, t, s) {
if (f.fbq) return;
n = f.fbq = function () {
n.callMethod ?
n.callMethod.apply(n, arguments) : n.queue.push(arguments)
};
if (!f._fbq) f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = ();
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)(0);
s.parentNode.insertBefore(t, s)
}(window, document, ‘script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘504526293689977’);
fbq(‘track’, ‘PageView’);
(tags to translate) EUR/AUD
