EUR/AUD intraday: the downside prevails as long as 1.6717 is resistance
Our pivot point stands at 1.6717.
Our preference: the downside prevails as long as 1.6717 is resistance.
Alternative scenario: the upside breakout of 1.6717, would call for 1.6758 and 1.6783.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.6701 and 1.6698).
Supports and resistances:
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