Decrease of EUR/AUD Should be Contained

Technical Reports

Character of trading is neutral, as the correction from 1.5770 might prolong lower. Pivot points are at: (S1) 1.5386; (P) 1.5426; (R1) 1.5492.

Further decrease is not ruled out in the pair. Trading above minor resistance 1.5482 will bring retest of 1.5770. Downside should be contained by support 1.5226.

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.