EUR/AUD intraday: technical rebound towards 1.6739 before a new drop
Our pivot point is at 1.6739.
Our preference: technical rebound towards 1.6739 before a new drop.
Alternative scenario: the upside breakout of 1.6739, would call for 1.6780 and 1.6805.
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 stands above its 20 period moving average (1.6690) but below its 50 period moving average (1.6702).
Supports and resistances:
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