EUR/AUD â�,�“ EURAUD continues to hold above the range high at 1.6954.  Oscillators are bullish but CCI is extreme, meaning that one should be wary of a reversal.  In fact, the 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.  The 9/22 high at 1.7075 is initial resistance.

EUR/CAD â�,�“ EURCAD continues to trade within the upward sloping channel that began in early March but price is testing the support line from that channel today.  A break below could be material and target the 6/13 low at 1.3795.  However, the likelihood of a break immediately is not great.  The doji on the daily yesterday at the aforementioned trendline and oversold oscillators on intraday charts favor a rally attempt.  Initial resistance is at the 9/27 high at 1.4174.

EUR/NZD â�,�“ EURNZD has digested losses and rallied to 1.9519 but the pair may be turning over again.  A short term double top just above the 1.9500 figure and declining oscillators on the 240 minute and 60 minute charts both favor weakness.  Interim support is todayâ�,��"�s low at 1.9256 but the 9/26 low at 1.8927 is the â�,��"make or breakâ�,� level.  The double top at 1.9506/19 is resistance.  A push through there exposes the upper end of the downward sloping channel near the 9/8 high at 1.995.

Jamie Saettele is a Technical Currency Analyst for FXCM.