Medium Term Growth of EUR/AUD Should Extend

Technical Reports

Trading is on the upside for key long term resistance 1.6587. Pivot points are at: (S1) 1.5792; (P) 1.5856; (R1) 1.5925.

A medium term increase from 1.3264 has resumed. It is awaited, that the growth will prolong to 61.8% projection of 1.5258 to 1.5816 from 1.5626 at 1.5971. The pair’s forecast will stay bullish while support 1.5626 keeps.

The medium term growth from 1.3624 continues. Upside is expected to be limited by resistance from 1.6587. Overcoming of support 1.5153 will point out completion of the medium term growth. Break of key resistance 1.6587 will confirm resumption of long term increase from 1.1602.