Decline of EUR/AUD Extends

Technical Reports

Trading is on the downside for support 1.4949, as a decline from 1.5770 extends to minimum 1.5153. Pivot points are at: (S1) 1.5206; (P) 1.5258; (R1) 1.5286.

Growth from 1.3624 could be completed at 1.5770. Overcoming of resistance 1.5226 is seen as a signal of trend reversal.

Correction from a medium term top 1.6587 continues. There is still possibility of another medium term growth while 61.8% retracement of 1.1602 to 1.6587 at 1.3506 keeps.