EUR/AUD may rise to 1.6647 - 1.6807

1.6055 is our pivot point.

Our preference

Rebound towards 1.6807.

Alternative scenario

Below 1.6055, expect 1.5787 and 1.5627.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.6329 and 1.6449).

Supports and resistances

1.7128 **

1.6968 *

1.6807 **

1.6647

1.6307 last

1.6160

1.6055 **

1.5787 *

1.5627 **

Number of asterisks represents the strength of support and resistance levels.