EUR/AUD ââ,¬â€œ EURAUD broke above a 2 month range today and is currently above the upper Bollinger band on the daily.  The former range high at 1.6961 is now support and the 3/27 high at 1.7122 is resistance.  Daily CCI is above 100 and indicates extreme bullishness.  This pair may be setting up for a head and shoulders reversal opportunity.  This last bout of strength could be forming the right shoulder.  Keep in mind also that there is an 8 year trendline just below 1.7200.

EUR/CAD ââ,¬â€œ EURCAD continues to trade within the upward sloping channel that began in early March.  Price bounced off of the lower support line from the channel on 9/7 but the pair has been rejected at the 50% fibo of 1.4591-1.4059 / Upper Bollinger Band at 1.4325.  Price has slipped back below the 3 month SMA at 1.4287.  Price is nearing the previous range (1.4100-1.4250), which is now a support zone.  A break below there exposes the aforementioned support line from early March near 1.4100.

EUR/NZD ââ,¬â€œ EURNZD has rebounded from the 9/15 low at 1.9019 and is nearing a resistance line at 1.9760 (the line decreases roughly 30 pips per day).  Daily RSI increasing from below 30 and MACD positive slope tilt the near term scale to bulls but the aforementioned resistance line could pose a challenge.  A break below the 9/18 low at 1.9019 opens up the door for losses towards the 50% fibo of 1.6327-2.1184 at 1.8759.

Jamie Saettele is a Technical Currency Analyst for FXCM.