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EUR/AUD ST: as long as 1.6366 is support look for 1.6991
2024-03-26
777
Our pivot point stands at 1.6366.
Our preference: as long as 1.6366 is support look for 1.6991.
Alternative scenario: the downside breakout of 1.6366 would call for 1.6142 and 1.6009.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.6584) but above its 50 period moving average (1.6544).
Supports and resistances:
1.7258 **
1.7124 *
1.6991 **
1.6857
1.6584 last
1.6453
1.6366 **
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