There’s no let up for the cross at the moment as we break 1.4300. The low so far has been 1.4294. I highlighted the aussie moves on Wednesday and my target for going long at the 55 mma is coming into view slowly but surely.
EUR/AUD monthly chart 06 09 2013
That’s beginning to look like one ugly monthly candle and it’s only the first week of the month. The weekly and daily pictures don’t look much better either.
EUR/AUD daily 06 09 2013
EUR/AUD weekly 06 09 2013
There’s mild technical support at 1.4285 then 1.4218 with stronger at 1.4184. I might use that as the level to start building my longs ahead of the 55 mma at 1.4172.
AUD/USD is obviously getting another boost and clawing back the losses from falling from 0.9190.