Stationary Euro-Aussie dollar is trading around 1.62 .
A good end to the trading week, EUR/AUD is up to 1.62, after closing yesterday at zero. Overall, a 0% move or 16,200 pips this week. (Start trading Euro-Aussie dollar at FXTM today).
Mar. 23, 2023
Euro-Aussie dollar set for weak finish today; down 0.27% to 1.62 with 2 hours before close
Live - Updated 19 minutes ago.Euro-Aussie dollar is down to 1.62, after ending yesterday at 1.6244. Overall, a 0.27% loss or 43 pips today.
The MACD is significantly above its signal line, which suggests the market is running out of bullish momentum and could revert to a negative outlook as bears regain control. First developed in 1978, the relative strength index (RSI) is a momentum oscillator that measures both the speed and rate of change in price movements within a market — measured as a 0-100 index. In Euro-Aussie dollar's case, the RSI has fallen below 30, indicating the asset is oversold. Euro-Aussie dollar's upper Bollinger Band® is at 1.6244 which indicates a further downward move may follow.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Euro-Aussie dollar.
In the meantime, negative performances are seen in other pairs, EUR/NZD is down to 1.7325, losing 125 pips, after closing at 1.745 in the preceding trading session. EUR/JPY is trading around 141.74 (down 95 pips). EUR/CAD is down to 1.4852, losing 57 pips, after closing at 1.491 in the preceding trading session.
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