Temporary Top In EUR/AUD

Technical Reports

Stance of trading is neutral with a temporary top at 1.5823. Trading above 1.5823 will widen the recoil from 1.5271 to maximum 1.6139. Pivot points are at: (S1) 1.5682; (P) 1.5755; (R1) 1.5813.

Overcoming of 1.5617 will back trading to the downside for minor support 1.5425. The pair’s increase might prolong, while 1.5617 keeps.

A medium term increase from 1.3624 continues. Corrective drop from 1.6189 has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. Overcoming of 1.6189 will aline key resistance 1.6587.