OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/AUD high 1.3011

FXstreet.com (London) - The EUR/AUD has extended its bull run above 1.3000 psychological level for a second time this month, pairing it’s highs of summer and May 2012 and eyes for a run up towards 1.3200 the figure.

A factor aiding the pairs strength would be the RBA’s surprise easing of late, where rates were cut by 25 basis points. On Feb this year, we saw a high of 1.3190. A current chart formation is creating a feasible technical analyses that points towards an extension of the recent run up towards these highs with a piercing line offering a significant bullish signal. At the time of writing, the pair is trading slightly below the figure 1.2991 with hourly indicators giving a bullish signal. Support seen 1.2950 and the figure 1.2900.

Forex Flash: What does the EUR/USD have to offer? – Commerzbank and UBS

The single currency is reverting the initial good mood, returning to the red territory and testing intraday lows in the proximities of 1.2960, as the rally in the USD has resumed its pace....
Read more Previous

Forex: GBP/AUD breaks 1 month high

FXstreet.com (London) - GBP/AUD has been climbing from yearly lows, 1.4381, which was the foundation for the bottom of this cup on the daily chart. It has gained exactly 1000 pips since that point in March.

Read more Next
Start livechat