EUR/AUD ââ,¬â€œ EURAUD bounced off of a long term trendline support from the 12/6/05 low of 1.5609, as daily RSI has moved into bullish territory over 50.  The pair has encountered resistance at the 50.0% fibo of 1.6364 ââ,¬â€œ 1.7352 at 1.6860, and if the price should probe again and break the resistance, the 7/3 high of 1.7254 could be the next target.  A move to the downside could bring the price to the 61.8% fibo of 1.6364 ââ,¬â€œ 1.7352 at 1.6745.

EUR/CAD ââ,¬â€œ EURCAD continued its rally too 11 month highs after breaking from an ascending triangle on the daily charts, however, the push higher has been stymied a resistance trendline formed from the 12/23/05 high of 1.6702.  Daily and weekly MACD are accelerating at a higher slope, so the pair could break the trendline and make a move for the 50.0% fibo of 1.2448 ââ,¬â€œ 1.6972 at 1.4713.  A retracement, though, could target the confluence of the 7/19 low and 61.8% fibo of 1.2448 ââ,¬â€œ 1.6972 of 1.4172 / 78.    

EUR/NZD ââ,¬â€œ EUR/NZD continued its rally this week, but with RSI on the hourly in overbought territory, it could be time for a retracement.  A move downwards could bring the pair back to the 78.6% fibo of 1.2937 ââ,¬â€œ 1.2458 at 1.2835, which served as resistance earlier this week.  However, should the pair gain, the 6/6 high of 1.2937 could be the next target.

Jamie Saettele is a Technical Currency Analyst for FXCM.