Growth Resumption in EUR/AUD is Expected

Technical Reports

Trading in the pair is neutral for consolidation inside range of 1.4791/5173. Pivot points are at: (S1) 1.5012; (P) 1.5053; (R1) 1.5115.

Overcoming of resistance zone 1.5173/5226 will resume growth from 1.3624. Break of support 1.4791 will back trading to the downside and extend the fall from 1.5173 to retest support 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. Price moves from 1.5226 are corrective.