Continuation of Consolidation in EUR/AUD is Possible

Trading in the pair is on the downside for support 1.4945. Pivot points are at: (S1) 1.5081; (P) 1.5156; (R1) 1.5197.

The pair could be in a consolidation from 1.5226. Overcoming of support 1.4945 will target support 1.4791 and below. Growth from 1.3624 is awaited to renew.

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.