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EUR/AUD ST: as long as 1.6273 is support look for 1.7025
2024-02-13
598
Our pivot point stands at 1.6273.
Our preference: as long as 1.6273 is support look for 1.7025.
Alternative scenario: the downside breakout of 1.6273 would call for 1.5997 and 1.5833.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.6515 and 1.6386).
Supports and resistances:
1.7354 **
1.7190 *
1.7025 **
1.6861
1.6519 last
1.6381
1.6273 **
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