EUR/AUD confirmed on Wednesday an undershooting of the support line at 1,3085 but since then it managed to remain above that line. We expect a firm rebound for this cross at least for a retest of the 200 days line at 1,3535.
The indicators of the daily chart are still negative while those of the s/t ones are mixed suggesting further consolidation. Only an hourly closing above 1,3240 will postpone further weakness favouring a firm rebound with the 200 hours line at 1,3492 the possible attraction. Before moving higher we may see a retest of the 1,3100 area that we want to buy increasing the position!
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FUTURE TREND RESEARCH