Increase in EUR/AUD Extends

Trading in the pair is on the upside for 61.8% projection of 1.3624 to 1.5226 from 1.4949 at 1.5939. Pivot points are at: (S1) 1.5647; (P) 1.5698; (R1) 1.5783.

Increase of the pair prolongs to maximum 1.5760. Trading below 1.5612 will become neutral and bring consolidation.

Corrective drop from 1.6587 has completed at 1.3624. The pair can retest key resistance 1.6587. Overcoming of 1.6587 will resume a long term growth from 1.1602.