Corrective Recoil in EUR/AUD Has Completed

Technical Reports

Trading in the pair is on the downside for support 1.4625, as corrective recoil from 1.4625 has completed at 1.5073. Pivot points are at: (S1) 1.4948; (P) 1.4992; (R1) 1.5057.

Trading above minor resistance 1.4894 will become neutral. Corrective fall from 1.5526 can prolong.

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.