Further Increase in EUR/AUD is Expected

Technical Reports

Trading in the pair is neutral. Pivot points are at: (S1) 1.4653; (P) 1.4701; (R1) 1.4754.

The correction from 1.5226 has 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. Overcoming of 1.4221 will widen the fall from 1.5226 to 61.8% retracement of 1.3624 to 1.5226 at 1.4236.

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.