(1,3850) EUR/AUD is confirming further consolidation interior the negative outside day with 1,4180 – 1,3825 still the levels to follow in the coming hours. A daily closing below 1,3825, that we tested already on Friday, will support a larger correction toward 1,35 if not even 1,33!! The indicators of the daily chart are now turning below the line but those of the weekly one remain well positive however overbought while showing potential negative reversals. The indicators of the s/t charts negative this morning supporting further weakness. We expect lower levels toward the support line at 1,3675 where we start taking profit!!
Read the full report: EURAUD 06.17
Future Trend