Connect with us

Hi, what are you looking for?

Real Investment StarReal Investment Star

Economy

EURAUD and EURNZD: EURAUD breaks last week’s high 1,63800

EURAUD and EURNZD: EURAUD breaks last week’s high 1,63800

Yesterday, the EURAUD was under pressure, leading to a pullback to the 1.62538 support level.
A new May EURNZD low was formed on Monday at the 1.75723 level. 

EURAUD chart analysis

Yesterday, the EURAUD was under pressure, leading to a pullback to the 1.62538 support level. After that, the pair returned and stabilized at the 1.62800 level. From there, a new appositive consolidation was initiated up to 1.63300 and the EMA200 moving average. During this morning’s Asian trading session, the pair continued with bullish consolidation from the 1.63000 level. We again skip the EMA200 and continue to the bullish side.

EURAUD climbs to the 1.63870 level and forms a new weekly high there. Potential higher targets are 1.64000 and 1.64200 levels. We need a negative consolidation and pullback below the 1.63600 level for a bearish option. That would be the first step that hints at initiating a larger retreat. Potential lower targets are 1.63400 and 1.63300 on the EMA200 moving average.

 

EURNZD chart analysis

A new May EURNZD low was formed on Monday at the 1.75723 level. After which we see the start of a bullish consolidation that continues today. Today’s high was formed at the 1.76525 level. In this zone, we encounter the EMA50 moving average, which for now represents an obstacle to further recovery. This leads to a new turn to the bearish side.

Potential lower targets are 1.76000 and 1.75800 levels. For a bullish option, we need a positive consolidation and movement of EURNZD to the 1.76600 level. There, we test the weekly open price and need an impulse above to return to the bullish side. Potential higher targets are 1.76800 and 1.77000 levels. We could have additional resistance in the EMA200 in the zone of 1.76800.

 

The post EURAUD and EURNZD: EURAUD breaks last week’s high 1,63800 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