EUR/AUD intraday: the upside prevails as long as 1.6702 is support
Our pivot point stands at 1.6702.
Our preference: the upside prevails as long as 1.6702 is support.
Alternative scenario: the downside breakout of 1.6702 would call for 1.6653 and 1.6624.
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 1.6711 and 1.6664).
Supports and resistances:
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