EUR/AUD intraday: the upside prevails as long as 1.6100 is support
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Our pivot point is at 1.6100.
Our preference: the upside prevails as long as 1.6100 is support.
Alternative scenario: below 1.6100, expect 1.6074 and 1.6059.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.6097 and 1.6085).
Supports and resistances:
1.6209 **
1.6194 *
1.6178 **
1.6163
1.6123 last
1.6110
1.6100 **
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