As EURUSD steadies and AUDUSD falls, EURAUD rises through tech resistance
The EURUSD has been steady, while the commodity currencies get hit. That has led to a surge higher in the EURAUD.
Looking at the hourly chart above, the pair has moved above the 200 hour moving average (green line in the chart above). The 100 hour moving average (blue line in the chart) and also a trend line ar the same area. The trend line and MA were a key level at the 1.5193. This is now risk for the buyers. The recent highs at 1.5275 and 1.5341 become the next targets for the pair.
