EURAUD Technical Snapshot: Near 52-Week Range Floor

The Euro / Australian Dollar (EURAUD) is trading at 1.62813, down 0.82% on the session.

Trend and moving averages

The structure reads as a downtrend, with price below the 50-day average and the 50-day sitting below the 200-day. The pair is 0.48% under its 20-day SMA (1.636), 0.68% under the 50-day (1.6393) and 1.7% under the 200-day (1.6563). All three averages sit above the last price, and their stacking is consistent with the downtrend label.

Momentum and volatility

The 14-day RSI is 42.2, a neutral reading within the 30-70 band. Volatility is muted: the 14-day ATR is 0.0068, or 0.42% of price. Set against the instrument’s own past year, that ATR sits at the 6th percentile — among the lowest daily ranges of the last twelve months.

Range and levels

Price sits low in its yearly range. The 52-week high of 1.81623 is 10.36% above the current level and was set 264 sessions ago, while the 52-week low of 1.61104 is just 1.06% below, made 86 sessions back. The range-position reading of 8 places price near the floor of that 52-week span. On the shorter horizon, the 20-day swing high is 1.6505 and the 20-day swing low is 1.62614; the 60-day swing high is 1.66185 and the 60-day swing low is 1.6231. The last price is close to both the 20-day and 60-day swing lows.

The weekly picture agrees with the daily one. On the weekly frame the trend is also a downtrend, with price below the 20-week average (1.6367) and the 20-week below the 50-week (1.6946). Price is 0.52% under the 20-week and 3.92% under the 50-week SMA. The weekly RSI is 36.8, lower than the daily reading but still above oversold territory. Last week closed down 0.32%, echoing the softer daily tone.

Over longer windows, the pair is down 0.29% on the week, 0.29% on the month, up 0.06% over the quarter and down 9.83% over the past year.

Descriptive technical summary generated by the ForexBullion Research Team from our own price feed. Not investment advice.