Technical analysis for EURAUD. I am a bull on AUD.
EURAUD - Daily
Market (21 above 55) is flat. Price (8 above 5) is bearish. Stochastic is moving down (bearish). Resistance at 1.42/MR1/1.415 and suport at MPP/1.39.
EURAUD - H4
Market (21/55) converging. Price (8 above 5) is bearish. Stochastic is oversold. Resistance levels I have identified are WM3/1.42/61.8 Fib and 1.415/50.0 Fib. It is also possible for price to find resistance at psych level 1.41/WPP. Support is at WM2/1.40 and 1.39/MPP. When price reach my resistance levels, I will look at my H1 chart for a sell entry.