Decline Of EUR/AUD Is In Progress

Technical Reports

Trading is on the downside for 1.5984, as fall from 1.6357 goes on. Price moves from 1.6353 are seen as a consolidation. Pivot points are at: (S1) 1.6093; (P) 1.6140; (R1) 1.6179.

Trading above minor resistance 1.6159 will back to the upside for retesting 1.6357. Downside should be continued by 1.5984 to bring uptrend resumption.

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.