Growth in EUR/AUD is Resuming

Technical Reports

Trading in the pair is on the upside for key resistance 1.5226, as growth from 1.4421 is resuming. Pivot points are at: (S1) 1.5132; (P) 1.5159; (R1) 1.5210.

The pair should target 61.8% projection of 1.3624 to 1.5226 from 1.4421 at 1.5411. Trading below minor support 1.5108 will become neutral.

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.