Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
EUR/AUD Remains Weak

EUR/AUD Remains Weak

Thomas Long, Course Instructor

Share:

The EUR/AUD remains in a strong downtrend. This daily chart shows the series of lower highs and lower lows which identifies the trend as down. I would continue to look for sells as long as the pair remained below the 1.35515 level noted on the chart. A move up through that price would not constitute a trend change but rather just reason to adopt a wait and see attitude.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES