Market Technical Analysis – EUR/USD, AUD/NZD and EUR/AUD

Video Topics

• EURUSD is paying a very high price for this optimism which we could see on Monday. They could not hold the 1.0840 as a support and closed the weekend gap. That was not all as additionally the price broke the lower line of the channel up formation and in the same time the neckline of the big iH&S formation. Those two are definitely bearish signals.
• AUDNZD beautifully defended the ling term down trendline as a closest support. The bullish movement seems sustainable and after the bounce the price is heading higher. Not much to add here. Positive sentiment all way long.
• EURAUD is quite the opposite. We have a false breakout here leading to a bigger drop. Soon we will test a mid-term up trendline but chances for a breakout are quite high.