EUR/AUD (1.6885)
A STEEP RALLY BY AUSSIE AGAINST EURO
Euro weakend 190 pips against Aussie. This pair rallied from the level of 1.6800 to 1.7072 where on Hourly and as well on Daily chart it made Double Top at 1.7072. In Hourly charts still unable to find the low. Still another 60 odd pips weakness in this pair. Now it retraced more than 61.8% of 1.6800 to 1.7072. Now 1.6904 is the key resistence for this pair. Cross above the 1.6904 then it will test the level of 1.6968.
A STEEP RALLY BY AUSSIE AGAINST EURO
Euro weakend 190 pips against Aussie. This pair rallied from the level of 1.6800 to 1.7072 where on Hourly and as well on Daily chart it made Double Top at 1.7072. In Hourly charts still unable to find the low. Still another 60 odd pips weakness in this pair. Now it retraced more than 61.8% of 1.6800 to 1.7072. Now 1.6904 is the key resistence for this pair. Cross above the 1.6904 then it will test the level of 1.6968.
posted by Naveen Pantera at 3:33 PM
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