EUR/AUD still rising

Wednesday, 26/04/2017 | 07:51 GMT

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EUR/AUD continues its rebound from lows of two months ago and is now eyeing a move to the 36.8% retracement of the run lower that started in August 2015. Look for 1.4668 as next target.

USD/CAD had once again found resistance at the 50% retracement of the Q1 2016 sell-off. Failure to breach this does open up the way for a move back to the 38.2% level at 1.3330.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/GENERAL/euraud-still-rising/?camp=24219

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