EUR/AUD intraday: above its upper Bollinger band
1.6772 is our pivot point.
Our preference: the upside prevails as long as 1.6772 is support.
Alternative scenario: below 1.6772, expect 1.6727 and 1.6700.
Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.6772 and 1.6769). Finally, the EUR/AUD is trading above its upper Bollinger band (standing at 1.6817).
Supports and resistances:
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