Short Term High Was Formed in EUR/AUD

Technical Reports

Trading is on the downside for pull back, as a short term top was formed at 1.5816. Pivot points are at: (S1) 1.5753; (P) 1.5846; (R1) 1.5904.

Downside should be contained by support from 1.5626. Overcoming of 1.5976 will confirm uptrend resumption.

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.