EUR/AUD technicals - Sellers capitalize on descending trendline

FXStreet (Bali) - EUR/AUD continues commanded lower by a descending trendline coming off 1.5520 high last March 12. Note the 100MA on the hourly has been capping price ever since March 20 as well.

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Apr 9, 2014

AUD/USD technicals - Keep an eye on ascending trendlines

For those expecting AUD/USD dips to be shallow in nature, there are two ascending trendlines near by worth monitoring for a potential rebound towards new multi-month highs.

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Apr 9, 2014

EUR/USD consolidating on dollar weakness; circa 1.3800

Currently, EUR/USD is trading at 1.3794, down -0.01% on the day, having posted a daily high at 1.3798 and low at 1.3793.

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