EUR/AUD technicals: Resistance looming at 55-day MA
The short-term charts look bullish after the break above 1.2420 but there is resistance looming at the 55-day MA near 1.2460, which has proven to be a reliable indicator in recent times.
The short-term charts look bullish after the break above 1.2420 but there is resistance looming at the 55-day MA near 1.2460, which has proven to be a reliable indicator in recent times.
Sean, do you think 1.2460 has been broken convincingly. I was sort of thinking of buying into this pair 🙂
Pete, I’m biased as I’m long of this pair but I think you can buy smalls and add on dips. I think we could be back at 127/128 quite quickly
Thanks Sean. I will jump on the board around 1.2450 level.
Wise move Pete to wait for dips, this cross is usually ‘orderly’ and pulls back after impulsive moves
Thanking you Sean. You are doing a very good job here 🙂
Cheers Pete, it’s been a bit of a struggle these last few months trying to find some decent trades but all we can do is keep probing away until we strike it lucky 🙂