EUR/AUD Remains In Consolidation

Technical Reports

Trading is neutral for consolidation below temporary top 1.6171. Another growth is not excluded. Pivot points are at: (S1) 1.6067; (P) 1.6112; (R1) 1.6181.

Overcoming of 100% projection of 1.5271 to 1.5886 from 1.5601 at 1.6216 will widen the larger uptrend to 161.8% projection at 1.6596. Retreat should be contained by resistance turned support 1.5886.

A medium term increase from 1.3624 goes on. Hitting of support 1.5601 will point out a medium term trend reversal, and will bring a test on key support 1.5271. Overcoming of 1.6189 will bring test on 1.6587.