- In the first two days of this week, we saw the EUR/AUD fall to the 1.64580 level.
- This week was negative for the EUR/NZD as we saw a decline from the 1.78000 level to the 1.75125 level.
EURAUD chart analysis
In the first two days of this week, we saw the EUR/AUD fall to the 1.64580 level. On Wednesday, we found support at this level during the Asian session and rose above the EMA200 and 1.65000 levels. On Thursday, we continue to jump to 1.66114 and stop there. During the previous Asian trading session, the pair fell to 1.65490 levels.
We are now once again looking for support at the 200 SMA in hopes of starting a new bullish consolidation. Possible higher targets are 1.65800 and 1.66000 levels.
We need a negative consolidation and a break below the support at 1.65200 for a bearish option. Below, we will be under pressure to continue to fall. Possible lower targets are 1.65000 and 1.64800 levels.
EURNZD chart analysis
This week was negative for the EUR/NZD as we saw a decline from the 1.78000 level to the 1.75125 level. This lower low was formed today, and the decline started from 1.77000 during the previous Asian session. Additional pressure was exerted in that area by the EMA200, and we failed to move above it in our attempt.
The pair is now under pressure to start further decline, and potential downside targets are the 1.74750 and 1.74500 levels.
For the bullish option, we need to rise above the 1.76000 level. After that, we will need to consolidate there, before continuing to the upside. If we succeed, we will have the opportunity to return to the 1.77000 level and retest the EMA200.
