AUD,NZD/EUR crosses/Technical Analysis

EUR/AUD: Up-trend intact but stochastic indicators suggest it’s overbought

     The up-trend on the 4-hour chart is clearly intact and a re-test of recent highs at 1.2825 is favoured. Nevertheless, the stochastic indicator has been quite accurate recently so bulls should show some patience and wait for the overbought studies to unwind, hopefully resulting in prices falling towards the bullish trend-line.

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