EUR/AUD may rise 82 - 118 pips

1.6449 is our pivot point.

Our preference

The upside prevails as long as 1.6449 is support.

Alternative scenario

Below 1.6449, expect 1.6388 and 1.6353.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.6488 and 1.6486).

Supports and resistances

1.6700 **

1.6664 *

1.6628 **

1.6592

1.6510 last

1.6473

1.6449 **

1.6388 *

1.6353 **

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