The EUR/AUD pair trades little positive around 1.5970 during the early Asian sessions on Tuesday. Daily chart confirms traders’ indecision on Monday’s “Doji” candle after guarding the upside by Friday’s “Inverted Hammer”. While “inverted hammer” supports the claim of consolidation considering across the board USD strength, “doji” portrays traders’ dilemma. The 100-day simple moving average (SMA) at 1.5930 can offer immediate support to the pair before diverting market attention to the 1.5855-50 support-zone, including 61.8% Fibonacci Retracement of its December-January surge. In case prices slip under 1.5850 on a daily closing basis, the 1.5730 and the 1.5670 may come back on the chart. Alternatively, 50% Fibonacci retracement level of 1.6015 seems adjacent upside barrier for the pair, a break of which can propel the quote to upward sloping resistance-line at 1.6065. During the pair’s successful rise over 1.6065, the 1.6100 and the 1.6185 may please the buyers. EUR/AUD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Breaking: Aussie pops on the back of NAB’s business confidence and conditions surprising to the upside FX Street 3 years The EUR/AUD pair trades little positive around 1.5970 during the early Asian sessions on Tuesday. Daily chart confirms traders' indecision on Monday's "Doji" candle after guarding the upside by Friday's "Inverted Hammer". While "inverted hammer" supports the claim of consolidation considering across the board USD strength, "doji" portrays traders' dilemma. The 100-day simple moving average (SMA) at 1.5930 can offer immediate support to the pair before diverting market attention to the 1.5855-50 support-zone, including 61.8% Fibonacci Retracement of its December-January surge. In case prices slip under 1.5850 on a daily closing basis, the 1.5730 and the 1.5670 may come back… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
