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EUR/AUD Developing Technical Chart Patterns
With the policy meetings by the FED and the Bank of Japan, most of the attention among Forex traders have been directed to the US Dollar and the Japanese Yen. Meanwhile, some of the other currency pairs are developing chart patterns, which could result in promising trading opportunities. One of those crosses is the EUR/AUD, especially on the intermediate term chart. Following the sharp sell off from 1.4970 to 1.4305, this pair has settled in a sideways movement, lasting about three weeks now. The price is contained between 1.4600 and 1.4305 extremes, with the most recent swings getting smaller and smaller. The result ... (full story)
