Completion of Correction in EUR/AUD is Expected

Technical Reports

Trading in the pair is neutral and limited in a range of 1.4421/4777. Pivot points are at: (S1) 1.4588; (P) 1.4630; (R1) 1.4696.

The correction from 1.5226 could have completed to 1.4421. Overcoming of resistance 1.5073 will point out resumption of an increase from 1.3624. Further increase in the pair is awaited.

Corrective drop from 1.6587 has completed at 1.3624. The pair can test key resistance 1.6587 and retest key support zone around 1.3624.