AUD/EUR is overbought, EUR/AUD is oversold. EUR/AUD Daily Tracking signal is close enough to declare outright Longs. AUD/EUR is close enough to declare shorts.

EUR/AUD Most important break points are located from 1.3764 to 1.4040. AUD/EUR break points are located at 0.7265 to 0.7122. Most important point holding up AUD/EUR is 0.7104 and translates to EUR/AUD 1.4076. We’re watching bottom channel at 0.7156  or EUR/AUD 1.3974. Both points will decide the fate to higher EUR/AUD and lower AUD/EUR.


Brian Twomey