Medium Term Growth Resumption in EUR/AUD is Expected
Trading is on the upside for resistance 1.5770, as the cross reaches the top 1.5622. Pivot points are at: (S1) 1.5600; (P) 1.5665; (R1) 1.5778.
A medium term growth resumption from 1.3264 is awaited. Trading below minor support 1.5622 will become neutral. Overcoming of 1.3264 will target key long term resistance 1.6587.
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.