Fall of EUR/AUD Might Extend

Technical Reports

Trading in the pair is neutral. The correction from 1.5770 goes on. Pivot points are at: (S1) 1.5366; (P) 1.5443; (R1) 1.5491.

Further decrease could be seen through 1.5321. Above minor resistance 1.5526 trading will back to the upside for retesting of resistance 1.5770.

Corrective drop from 1.6587 has completed at 1.3624. Overcoming of 1.5226 will indicate trend reversal. The pair can retest key resistance 1.6587. Overcoming of 1.6587 will resume a long term growth from 1.1602.