Medium Term Rise in EUR/AUD Should Renew

Technical Reports

Trading of the cross is neutral. Another growth is expected in the pair. Pivot points are at: (S1) 1.5599; (P) 1.5655; (R1) 1.5687.

Trading below minor support 1.5633 will back to the downside. Overcoming of 1.5770 will point out resumption of a medium term increase from 1.3264.

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.