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EUR/AUD intraday: as long as 1.6564 is support look for 1.6699
2023-10-03
782
1.6564 is our pivot point.
Our preference: as long as 1.6564 is support look for 1.6699.
Alternative scenario: the downside breakout of 1.6564 would call for 1.6516 and 1.6487.
Comment: the RSI is above its neutrality area at 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 1.6606 and 1.6544).
Supports and resistances:
1.6757 **
1.6728 *
1.6699 **
1.6670
1.6612 last
1.6583
1.6564 **
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