1,7039. There is an horizontal range between 1,6950 and 1,7085. Support and resistance are given by Bollinger bands. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.
1,7120 - 1,7265
1,6935 - 1,6850

tags: Forex, euraud
author: Arnaud Jeulin
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