EUR/AUD – Good to buy on dips

  • Upward sloping 5-DMA, 10-DMA, 50-DMA
  • Nice rising bottom formation
  • Bullish 100-DMA & 200-DMA crossover
  • Bullish day end close yesterday above 1.4998

The technical set up clearly favors buy the dip trade.

Buy around 1.5, Objective 1.227-1.5250 Stops below 1.4950

Daily chartEURAUD D1 (07-07-2017 1708).png

 

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