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EUR/AUD intraday: as long as 1.6546 is support look for 1.6630
2024-04-17
632
Our pivot point is at 1.6546.
Our preference: as long as 1.6546 is support look for 1.6630.
Alternative scenario: the downside breakout of 1.6546 would call for 1.6514 and 1.6495.
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 pair is trading under its 20 period moving average (1.6581) but above its 50 period moving average (1.6545).
Supports and resistances:
1.6667 **
1.6648 *
1.6630 **
1.6611
1.6572 last
1.6558
1.6546 **
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