Drop Of EUR/AUD Continues

Technical Reports

Trading is on the downside for support 1.5601, as the fall reaches low 1.5742. Pivot points are at: (S1) 1.5770; (P) 1.5884; (R1) 1.5945.

Overcoming of support 1.5601 will aline cluster support zone 1.5271/5313. Trading above minor resistance 1.5890 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.