Fall Resumption In EUR/AUD
Trading is on the downside for support 1.5601. Pivot points are at: (S1) 1.5957; (P) 1.5997; (R1) 1.6035.
Overcoming of support 1.5984 is now taken as a early sign of trend reversal. Trading above minor resistance 1.6035 will become neutral for consolidation, before staging another fall.
Uptrend from 1.3624 is possibly completed at 1.6357, ahead of 1.6587. Deeper fall is expected to 1.5271 cluster support (38.2% retracement of 1.3624 to 1.6357 at 1.5313). Break will target 61.8% retracement at 1.4668. Overcoming of 1.6357 will confirm uptrend resumption.