Connect with us

Hi, what are you looking for?

Real Investment StarReal Investment Star

Economy

EURAUD and EURNZD: New low for EURAUD at 1.62182 level

EURAUD and EURNZD: New low for EURAUD at 1.62182 level

During this morning’s Asian trading session, EURAUD retreated to 1.62182 levels. 
Last week, this year’s new high for EURNZD was formed at the 1.81568 level.

EURAUD chart analysis

During this morning’s Asian trading session, EURAUD retreated to 1.62182 levels. A new three-month low was formed at that level. After that, we see support in that zone and with a bullish impulse we start a recovery to the 1.63300 level. This impulse is because the Reserve Bank of Australia left the interest rate at the same level as last time. We now expect support above the 1.62850 level and the EMA50 moving average.

It will be easier to start a new positive consolidation from the new support level. Potential higher targets are 1.63500 and 1.64000 levels. Additional resistance in the 1.63500 zone is the EMA200 moving average. We need negative consolidation and a return to this morning’s support zone for a bearish option. New pressure could push the EURAUD below to a new weekly low. Potential lower targets are 1.62200 and 1.62000 levels.

EURNZD chart analysis

Last week, this year’s new high for EURNZD was formed at the 1.81568 level. After that, the pair retreats and falls to the 1.78514 level on Friday. We get new support below and initiate a bullish consolidation. This week’s high for EURNZD is at the 1.79500 level. On the lower side, we have a picture of the formation of higher lows, which confirms that we could see a continuation to the bullish side.

Potential higher targets are 1.79500 and 1.80000 levels. We need a negative consolidation and pullback below the 1.79000 level for a bearish option. Thus, we move below the weekly open price and are under bearish pressure to start a further pullback. Potential lower targets are 1.78500 and 1.78000 levels.

 

The post EURAUD and EURNZD: New low for EURAUD at 1.62182 level appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Investing

    Democratic Gov. Janet Mills on Wednesday vetoed a bill aimed at prohibiting foreign influence in Maine elections, but voters will get the final say...

    Latest News

    There were several reasons offered in support of the congestion pricing plan that was supposed to go into effect in New York at the...

    Latest News

    House Speaker Mike Johnson (R-La.) on Wednesday appointed Reps. Scott Perry (R-Pa.) and Ronny Jackson (R-Tex.), two Trump loyalists who denied the results of...

    Disclaimer: realinvestmentstar.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 realinvestmentstar.com