EUR/AUD may fall to 1.5590 - 1.5890

Pivot

1.6690

Our preference

Short positions below 1.6690 with targets at 1.5890 & 1.5590 in extension.

Alternative scenario

Above 1.6690 look for further upside with 1.6970 & 1.7190 as targets.

Comment

The RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances

1.7190 **

1.6970 **

1.6690 **

1.6186 Last

1.5890 **

1.5590 **

1.5300 **

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