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Eur/Aud is still moving higher after a weekly bullish engulfing candle
The RSI is still slightly bullish, and MACD has a bullish signal at the moment on the weekly chart
This leads me to believe that the price will move higher
and should first challenge the 23.6% fibonacci retracement level of the last weekly move up,
if the 38.2% retracement level will hold any move down:
Eur/Aud weekly chart
On the daily chart we see a higher RSI, that is more bullish
and the MACD signal line is about to cross…
The RSI is still slightly bullish, and MACD has a bullish signal at the moment on the weekly chart
This leads me to believe that the price will move higher
and should first challenge the 23.6% fibonacci retracement level of the last weekly move up,
if the 38.2% retracement level will hold any move down:
Eur/Aud weekly chart
On the daily chart we see a higher RSI, that is more bullish
and the MACD signal line is about to cross…