AUD/USD and AUD/EUR

AUD/USD. Weekly range 0.7580 to 0.7487 for 93 pip range. Not bad for AUD. The maximum topside is 0.7593. Main break points remain,  falling line now at 0.7567 and 0.7484. Bottom is strong at 0.7497, 0.7487 and 0.7484. A break below then 0.7462, 0.7426 and Maximum at 0.7387.  Topside points 0.7564, 0.7567 and 0.7572.

AUD/EUR. Weekly range 0.7291 to 0.7016 and 0.6975. Quite high range, 0.7291, 0.7016 and 0.6975 translates to EUR/AUD 1.3715, 1.4253 and 1.4336. Vital break points are 0.7063, 0.7093 and 0.7096 and equals EUR/AUD 1.4158, 1.4098 and 1.4092.

Overall AUD/EUR trades around vital break points. The continued monitor is the downtrend line at 0.7030 or EUR/AUD 1.4224. The uptrend lines are 0.7141 and 0.7163 or EUR/AUD 1.4003 and 1.3960.

 

Brian Twomey

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