The EURAUD pair currently demonstrates interesting technical nuances. The Relative Strength Index (RSI) stands at 58.78, suggesting that the pair is approaching the overbought threshold but is not there yet. This could indicate some bullish momentum in the short term. Furthermore, both the MACD signal and MACD line being on the histogram point towards a potential consolidation phase or a forthcoming crossover. Investors should monitor closely, as a crossover of these lines can signify a potential shift in trend direction, either bullish or bearish, for the EURAUD pair.
• There is a resistance level at 1.80000; followed by resistance at 1.90104 and 1.69637.
• There is a support level at 1.50000 Below, there are 1.57172 and 1.36704.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
September 27, 2023