Consolidation in EUR/AUD Goes On

Trading in the pair is neutral, as the consolidation below 1.4964 goes on. Further increase is awaited. Pivot points are at: (S1) 1.4849; (P) 1.4887; (R1) 1.4939.

The correction from 1.5226 should have completed to 1.4421. Overcoming of 1.5037 level will resume the growth from 1.3624 and target 61.8% projection of 1.3624 to 1.5226 from 1.4421 at 1.5411. Overcoming of support 1.4564 will extend the correction from 1.5226 through 1.4421.

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.