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EUR/AUD - Approaching Key Levels Of Resistance
Stocks, Unit trusts, Wealth Management and Forex markets
29-03-2012, 12:53 PM
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The one
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Join Date: May 2000
Location: UK
Posts: 97,291
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EUR/AUD - Approaching Key Levels Of Resistance
Over the past few weeks we have seen EUR/AUD rise from the mid-1.21's to currently just above 1.28. From a technical perspective, this was due to a daily RSI Bullish Divergence into the February lows as well as the severe one-sided positioning (short) the pair witnessed in late-January and 
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