(1,2668) EUR/AUD confirmed on Friday a negative weekly closing but the daily one was positive suggesting a possible retest of the 1,2780 area. The indicators of the daily chart are still well positive as well as those of the weekly one suggesting some upside potential. The indicators of the s/t charts are below the line this morning suggesting a limited upside potential. Only a daily closing above 1,2705 will postpone further weakness supporting a retest of the previous top at 1,2777. While below as well as below the 200 hours line at 1,2675 we expect further weakness for this cross.
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