EUR/AUD - Euro Australian Dollar, American Session - 03/06/09

By IBTimes Staff Reporter | June 03 2009 6:34 AM

1,7435. EUR AUD is in an downtrend directed by 1H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,7470 (35 pips). The downtrend should continue to gather momentum.

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Resistances: 1,7465 - 1,7540
Supports: 1,7360 - 1,7295

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