Consolidation in EUR/AUD Continues

Technical Reports

Trading in the pair is neutral for consolidation below minor support 1.5073. Pivot points are at: (S1) 1.4965; (P) 1.4995; (R1) 1.5015.

Further increase in the pair is awaited. The pair can target at fibonacci level 1.5455. Overcoming of 1.4796 will back trading to the downside for support 1.4625.

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.