AUD,NZD/EUR/USD/Flows and Orders/FXWW News/Technical Analysis/Trade Ideas

EUR/AUD: Very important technical levels nearby

Keep an eye on the weekly chart (see chart) as a weekly close clearly above 1.4400 would be a very bullish event. There were a series of 3 major weekly highs providing a capping line and the first one of these came in near 1.4400.

There may be some stops above there and we could get a false spike but its the weekly close which I would pay most attention to.

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