EUR/AUD near top of 8 month triangle as well as channel top

19 Dec

eur aud 19.12.2012

LEVELS TO WATCH

Resistance: 1.2720 (descending trendline off of May October 2012 highs), 1.2820/25 (October 2012 high)

Support: 1.2585 (monthly R1), 1.2535, 1.2400 (ascending trendline off of August and November 2012 lows).

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