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AUD crosses running out of steam

By   || March 14, 2010 at 21:58 GMT
|| 1 comment || Add comment

Whilst they are by no means out of the woods just yet, it looks to me like the EUR and the GBP may be trying to form short term bases against the AUD. If EUR/AUD can get back above the 15-day MA at 1.5055 (it’s presently trading around 1.5000) then the fierce recent downtrend can be slowed down. GBP/AUD is similarly trying to base at 1.6250 and if it can overcome resistance at 1.6760 then it may also suggest that the downtrend is being arrested.

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One Response to “AUD crosses running out of steam”

  1. BearPawTrader on March 14th, 2010 22:04 GMT

    Have you guys changed the time for New York? Adjust it for Daylight Savings?

    Love your site!!!

    BearPaw

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