EUR/AUD: Rally Continues

Technical Reports

Trading is on the upside, as recent growth continues. Pivot points are at: (S1) 1.6081; (P) 1.6121; (R1) 1.6189.

Running growth should aline 100% projection of 1.5130 to 1.5976 from 1.5621 at 1.6444. Retreat should be contained above support 1.5621. Trading below minor support 1.6039 will become neutral for consolidation.

The medium term growth from 1.3624 could extend to retest maximum 1.6587. Upside should be bounded by key resistance 1.6587. Overcoming of support 1.5621 will point out a medium term trend reversal.