EUR/AUD may rise 61 - 91 pips

Our pivot point stands at 1.6248.

Our preference

The upside prevails as long as 1.6248 is support.

Alternative scenario

Below 1.6248, expect 1.6199 and 1.6170.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.6255 and 1.6248).

Supports and resistances

1.6449 **

1.6420 *

1.6391 **

1.6361

1.6300 last

1.6267

1.6248 **

1.6199 *

1.6170 **

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