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5 Mar 2019
EUR/AUD Technical Analysis: Ascending triangle remains intact after RBA announced no interest-rate change
- The EUR/AUD pair trades near 1.6000 mark after the Reserve Bank of Australia (RBA) left the benchmark cash rate unchanged on early Tuesday.
- The pair struggles with a short-term ascending triangle formation between the 1.6060/65 resistance and 1.5890 support.
- In case prices rally beyond 1.6065, a horizontal-line joining December 31 low and January 10 high, at 1.6160, can please the buyers before challenging them 61.8% Fibonacci retracement level of 1.6320.
- Alternatively, the pair’s drop under 1.5890 may recall 1.5800 and 1.5720 on the chart.
- Additionally, pair’s extended declines beneath 1.5720 can drag it down to 61.8% Fibonacci expansion level of 1.5650.
EUR/AUD 4-Hour chart
EUR/AUD
Overview:
Today Last Price: 1.6014
Today Daily change: 0.0018 pips
Today Daily change %: 0.11%
Today Daily Open: 1.5996
Trends:
Daily SMA20: 1.5916
Daily SMA50: 1.5967
Daily SMA100: 1.5895
Daily SMA200: 1.5871
Levels:
Previous Daily High: 1.6057
Previous Daily Low: 1.597
Previous Weekly High: 1.6074
Previous Weekly Low: 1.581
Previous Monthly High: 1.6061
Previous Monthly Low: 1.5728
Daily Fibonacci 38.2%: 1.6003
Daily Fibonacci 61.8%: 1.6024
Daily Pivot Point S1: 1.5959
Daily Pivot Point S2: 1.5921
Daily Pivot Point S3: 1.5872
Daily Pivot Point R1: 1.6045
Daily Pivot Point R2: 1.6094
Daily Pivot Point R3: 1.6132