AUD,NZD/EUR/USD/Technical Analysis/Trade Ideas

EUR/AUD: Bullish daily signal

Like I said yesterday this is one pair which has some definite potential and if the big macro funds start to buy then we could be in for some fast moves. The close above a previous low at 1.2570 is one possible trigger but more likely is the bullish 20-day/200-day crossover which many big funds still follow (daily chart). I’d be careful trying to short this pair in the current environment, especially after the RBA comments yesterday, and the market is still short EUR overall, another reason to be wary.

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