Rise of EUR/AUD Extends

Technical Reports

Trading is on the upside for resistance 1.5770, as the pair reaches the top 1.5622. The recoil from 1.5153 has resumed. Pivot points are at: (S1) 1.5440; (P) 1.5507; (R1) 1.5623.

It is awaited, that resistance from 1.5770 will limit upside and bring another fall. Overcoming of 1.5770 will confirm resumption of uptrend from 1.3624.

Price moves from 1.5770 are corrective. The medium term growth from 1.3624 continues, and break of 1.5770 will widen the growth to retest maximum 1.6587. Overcoming of support 1.4949 will indicate a medium term trend reversal and bring retesting of a minimum 1.3624.