Further Decline in EUR/AUD is Awaited

Technical Reports

Trading in the pair is on the downside. Pivot points are at: (S1) 1.4641; (P) 1.4673; (R1) 1.4721.

Further fall in the pair is awaited while minor resistance 1.4754 keeps. Trading can back to the upside for retesting of maximum 1.5226.

Price moves from medium term top 1.6587 are viewed as a correction, which could be completed at 1.3624 after defending key support 1.3671. It is awaited, that increase from 1.3642 will widen to 61.8% retracement of 1.6587 to 1.3624 at 1.5455 and above. The pair can retest 1.6587.