Forex Market: EUR/AUD Technical Analysis

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: October 30, 2024

During yesterdays trading session EUR/AUD traded within the range of 1.5212-1.5370 and closed at 1.5256.

At 7:32 GMT today EUR/AUD was gaining 0.06% for the day to trade at 1.5279. The pair touched a session high at 1.5293 at 2:20 GMT.

According to Binary Tribunes daily analysis, in case EUR/AUD manages to breach the first resistance level at 1.5347, it will probably continue up to test 1.5437. In case the second key resistance is broken, the pair will probably attempt to advance to 1.5505.

If EUR/AUD manages to breach the first key support at 1.5189, it will probably continue to slide and test 1.5121. With this second key support broken, the movement to the downside will probably continue to 1.5031.

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