Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Lower Myra Falls Hike, which is inevitable in StrateCona Provincial Park Park
    • How to lift the hole in the wall trail near Port Alberani, BC
    • Nice giants and fast collapses: herb animals in Tanzania
    • 3 days in Santorini – the best things to see and do
    • Children’s animals in Tanzania: A video article from Tarangy, Nugurongoro, and Serinjiti
    • This professional traveler reveals how to tour the world without any remorse
    • Spring of 2025 external equipment and new books guide
    • The 18 best beaches in the world
    Facebook X (Twitter) Instagram
    ZEMS BLOG
    • Home
    • Sports
    • Reel
    • Worklife
    • Travel
    • Future
    • Culture
    • Politics
    • Weather
    • Financial Market
    • Crypto
    ZEMS BLOG
    Home ยป EUR/AUD is looking for support at 1.64400
    Financial Market

    EUR/AUD is looking for support at 1.64400

    ZEMS BLOGBy ZEMS BLOGMarch 8, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The euro, pound and krone rose against the US dollar.  why is that?

    • Yesterday, the EUR/AUD fell to a new weekly low of 1.64410.
    • On Wednesday and Thursday, the euro fell against the New Zealand dollar from 1.78700 to 1.76273.

    EURAUD chart analysis

    Yesterday, the EUR/AUD fell to a new weekly low of 1.64410. After support at this level, we started to recover to the 1.65500 level. There, we encounter new resistance and turn again to the downside, returning again to the support area. We are currently able to hang in there and take the first step to the upside by moving up to the 1.64580 level.

    To remove the downward pressure, we need to continue the bullish stability and return above the 1.65000 level. Possible higher targets are 1.65200 and 1.65400 levels. If we fail to do so, the EUR/AUD will be forced to another test of the weekly low. New pressure could easily break below the support level and form a new low. Possible lower targets are 1.64200 and 1.64000 levels.

    EUR AUD chart analysis

    EURNZD chart analysis

    On Wednesday and Thursday, the euro fell against the New Zealand dollar from 1.78700 to 1.76273. Then, with a strong bullish wave, we return above 1.77000 and rise to a new high for the day at the level of 1.77500. There we face new resistance and start a bearish consolidation at the level of 1.76750. We are very close to testing weekly support again. A stronger impulse could lead to a break below and the formation of a new weekly low.

    Possible lower targets are 1.76200 and 1.76000 levels. For a bullish option, the pair must first move above the 1.77000 level. Then, we need to form a new low there. With the new support level, we have the opportunity to start an upward consolidation and break out of the uncomfortable zone for the Euro. Possible higher targets are 1.77200 and 1.77400 levels.

    EURNZD chart analysis




    Source link

    ZEMS BLOG
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleLearn Bitcoin, Earn Bitcoin: Unchained announced as main sponsor of 21 Days of Bitcoin Education Course
    Next Article The weather forecast for New Jersey includes another rainy weekend
    ZEMS BLOG
    • Website

    Related Posts

    Rail Gun rises 130.3%: What are analysts' expectations?

    April 17, 2024

    USDCAD is once again above the 1.38000 level

    April 17, 2024

    The changing face of marketing in the digital age

    April 17, 2024
    Leave A Reply Cancel Reply

    Lower Myra Falls Hike, which is inevitable in StrateCona Provincial Park Park

    June 30, 2025

    How to lift the hole in the wall trail near Port Alberani, BC

    June 26, 2025

    Nice giants and fast collapses: herb animals in Tanzania

    June 23, 2025

    3 days in Santorini – the best things to see and do

    June 22, 2025
    Recent Posts
    • Lower Myra Falls Hike, which is inevitable in StrateCona Provincial Park Park
    • How to lift the hole in the wall trail near Port Alberani, BC
    • Nice giants and fast collapses: herb animals in Tanzania
    • 3 days in Santorini – the best things to see and do
    • Children’s animals in Tanzania: A video article from Tarangy, Nugurongoro, and Serinjiti
    About

    ZEMS BLOG in partnership with Holiday Omega keeps you informed. Bringing you the latest news from around the world with fresh perspectives and unique insights. Your daily source for news from around the world. All perspectives, all curated for a global audience.

    Facebook X (Twitter) Instagram YouTube Telegram
    • About Us
    • Contact Us
    • Privacy Policy
    • Disclaimer
    Subscribe For latest updates

    Type above and press Enter to search. Press Esc to cancel.