{"id":344,"date":"2024-08-09T18:00:48","date_gmt":"2024-08-09T18:00:48","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/09\/euraud-and-eurnzd-euro-drops-to-new-weekly-lows\/"},"modified":"2024-08-09T18:00:48","modified_gmt":"2024-08-09T18:00:48","slug":"euraud-and-eurnzd-euro-drops-to-new-weekly-lows","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/09\/euraud-and-eurnzd-euro-drops-to-new-weekly-lows\/","title":{"rendered":"EURAUD AND EURNZD: Euro drops to new weekly lows"},"content":{"rendered":"<div>\n<div><\/div>\n<h1>EURAUD AND EURNZD: Euro drops to new weekly lows<\/h1>\n<p><span>During this morning\u2019s Asian session, EURAUD retreated to a new weekly low at 1.65363 level.\u00a0<\/span><br \/>\n<span>A new weekly low was formed this morning at the 1.80960 level.\u00a0<\/span><\/p>\n<h2>EURAUD chart analysis<\/h2>\n<p><span>During this morning\u2019s Asian session, EURAUD retreated to a new weekly low at 1.65363 level. After that, the pair managed to stabilize there and initiate a <a href=\"https:\/\/www.financebrokerage.com\/audusd-and-audnzd-audusd-is-under-pressure-on-friday\/\">bullish<\/a> consolidation. We have recovered to the 1.66050 level and expect to see a continuation to the bullish side. The pair has solid momentum, and with a stronger impulse, it could easily cross the 200 EMA and 1.64450 level.<\/span><\/p>\n<p><span>With that move, the EURAUD would increase its chances of recovery next week. Potential higher targets are 1.67000 and 1.67500 levels. For a bearish option, we need a negative consolidation and pullback to this morning\u2019s support zone. With new pressure on this morning\u2019s low, the pair could incite momentum below and form a new weekly low. Potential lower targets are 1.65000 and 1.64500 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<h2>EURNZD chart analysis<\/h2>\n<p><span>A new weekly low was formed this morning at the 1.80960 level. After that, we saw the initiation of a bullish consolidation up to the 1.81580 level. There, we tested the daily open price, and for now, we are staying below it. We need a new impulse that would move the pair above to a safer zone. Then, EURNZD would stabilize there to start a further recovery.<\/span><\/p>\n<p><span>Potential higher targets are 1.82000 and 1.82500 levels. Additional support is the EMA 50 at 1.82000, while the 200 EMA is in the 1.82500 zone. For a bearish option, we need a negative consolidation and a new drop below 1.81000. This will definitely create a new weekly low. This confirms this week\u2019s bearish trend. Potential lower targets are 1.80500 and 1.80000 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/euraud-and-eurnzd-euro-drops-to-new-weekly-lows\/\">EURAUD AND EURNZD: Euro drops to new weekly lows<\/a> appeared first on <a href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>EURAUD AND EURNZD: Euro drops to new weekly lows During this morning\u2019s Asian session, EURAUD retreated to a new weekly low at 1.65363 level.\u00a0 A new weekly low was formed this morning at the 1.80960 level.\u00a0 EURAUD chart analysis During this morning\u2019s Asian session, EURAUD retreated to a new weekly low at 1.65363 level. After [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=344"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/345"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}