FX.co ★ Medium-term cross-EUR/AUD growth outlook

EUR/AUD

On the weekly chart, the price has overcome strong resistance at the point where the MACD line coincides with the Fibonacci level of 110.0%. The base branch for the grid is defined by the movement from August 2012 to January 2014.

The signal line of the Marlin oscillator broke through the boundary with the zone of predominance of the bulls. Growth targets: 1.6830 - the Fibonacci reaction level is 123.6%, 1.7450 - the Fibonacci level is 138.2%, which coincides with the peak of August 2007:

On the daily chart, the price broke above the line of balance and MACD. Marlin in a strong growing position:

There is also a clear increase in all indicators on the H4 chart: