HomeContributorsTechnical AnalysisEUR/AUD 4H Chart: Could Trade Sideways

EUR/AUD 4H Chart: Could Trade Sideways

The single European currency has been trading sideways against the Australian Dollar since June 15. The currency pair was trading between the 1.6422/1.6226 area during the past two weeks.

Everything being equal, the exchange rate could continue to trade sideways within this week’s trading sessions. The EUR/AUD pair could target the 1.6226 area in the shorter term.

However, technical indicators suggest that the currency exchange rate could edge higher during the following trading sessions.

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Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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