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TODAY’S CURRENCY MOVERS
EURAUD, Daily
EURAUD Daily, the AUD has given back some recent gains against the majors over the last few trading sessions, leaving the outlook for the AUD to continue a narrow trade range as concerns about inflation subside, while commodities seek out a bottom. Technically, the Daily EURAUD observations include: bearish 10,50 SMA crossover spotted, price trades within a downward slopping trend channel, and stochastic oscillator indicates positive upward momentum. My conclusion for the Daily supports long positions with a price target near the 1.5840 inside swing area.
Wednesday, 21 Oct, 2015 / 8:15
Source : http://analysis.hotforex.com/blog/2015/10/21/todays-currency-movers-105/
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