Euro finding support against Aussie dollar

Thursday, 09/03/2017 | 11:30 GMT

Disclaimer

EUR/AUD has rebounded off the 23.6% retracement of the big 2008-2012 sell off. Look for resistance at the lows from late last year just above 1.4100, with a sustained break above here paving the way for a move up to H1 ’16 lows around 1.4450.

Gold prices are sliding, with a break below the psychological $1200 level opening up support at $1185, the 23.6% retracement of the H2 ’16 sell-off.

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

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/euro-finding-support-against-aussie-dollar

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