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EUR/AUD intraday: as long as 1.6348 is support look for 1.6456

2024-05-24
493

Our pivot point stands at 1.6348.

Our preference: as long as 1.6348 is support look for 1.6456.

Alternative scenario: the downside breakout of 1.6348 would call for 1.6309 and 1.6286.

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 1.6381 and 1.6362).

Supports and resistances:

1.6503 **

1.6480 *

1.6456 **

1.6433

1.6384 last

1.6363

1.6348 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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