EUR/AUD intraday: the upside prevails as long as 1.6734 is support
Our pivot point is at 1.6734.
Our preference: the upside prevails as long as 1.6734 is support.
Alternative scenario: the downside breakout of 1.6734 would call for 1.6689 and 1.6662.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.6767 and 1.6751).
Supports and resistances:
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