EUR/AUD: Growth Continues

Technical Reports

Trading is on the upside, as growth continues and reaches maximum 1.5886. Pivot points are at: (S1) 1.5780; (P) 1.5826; (R1) 1.5903.

Running increase from 1.5271 should bring a test on resistance zone 1.6139/89. Overcoming of minor support 1.5695 will point out a near term topping. If that happens, focus will be back on support 1.5425.

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.