Recovery of EUR/AUD Goes On

Trading is neutral, as the pair is staying in consolidation from 1.5392. Pivot points are at: (S1) 1.5092; (P) 1.5158; (R1) 1.5200.

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.