EUR/AUD: Uptrend Resumption Is Expected

Technical Reports

Trading is on the upside for resistance 1.6353. Break of 1.6051 will extend the correction from 1.6353 lower. Pivot points are at: (S1) 1.6142; (P) 1.6192; (R1) 1.6251.

Overcoming of resistance 1.6353 will point out resumption of a larger uptrend. In that case, the cross will aline key resistance 1.6587.

Uptrend from 1.3624 is extending, and further growth should be seen to retest 1.6587. Overcoming of support 1.5601 will be the first signal of a medium term trend reversal. Break of 1.6587 will renew the long term growth and aline fibonacci level 1.7488.