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EUR/AUD intraday: as long as 1.6436 is support look for 1.6531
2024-04-05
402
1.6436 is our pivot point.
Our preference: as long as 1.6436 is support look for 1.6531.
Alternative scenario: the downside breakout of 1.6436 would call for 1.6404 and 1.6386.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (1.6471) but above its 50 period moving average (1.6451).
Supports and resistances:
1.6568 **
1.6549 *
1.6531 **
1.6512
1.6468 last
1.6448
1.6436 **
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