EUR/AUD
The cross has cleared an important resistance t 1,3034 (medium term resistance line) which suggests a likely continuation of the bullish trend toward a first target at 1,3299 (retracement of 61% of the downtrend 2011-2012). A break above this threshold would prolong this trend toward 1,3695 while the first long term resistance lies at 1,3854. Short term supports stand at 1,3015 and 1,2949. Buy – Stoploss @ 1,3014 – Target @ 1,3298.
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