Correction in EUR/AUD Continues

Technical Reports

Trading in the pair is neutral. Resumption of a medium term growth is awaited. Pivot points are at: (S1) 1.5115; (P) 1.5146; (R1) 1.5185.

The corrective pull back from 1.5392 goes on. A medium term increase from 1.3624 should target 61.8% projection of 1.3624 to 1.5226 from 1.4949 at 1.5939.

Corrective drop from 1.6587 has completed at 1.3624. The pair can test key resistance 1.6587 and retest minimum 1.3624. Overcoming of support 1.4949 will point out completion of the growth from 1.3624.