EUR/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.5891, 1.5936, 1.6000
Key Support Levels: 1.5832, 1.5772, 1.5724
The price is trending to the upside by posting higher highs and lows. A correction count is being build in a form of an expanding wedge. The price managed to break the strong resistance around the 1.5832 USD mark which could lead to a further movement to the upside in the same direction of the main trend.
EUR/AUD Medium-Term Trend: Bullish
On the 1-hour time frame, the price found buyers around the 61.80% Fibonacci retracement level and succeeded to move to the upside. A lower correction could be seen before a rally all the way up toward the target profit.
Buy Limit Order @ 1.5845
TP 1 @ 1.5890
TP 2 @ 1.5936
Stop Loss @ 1.5823
Trade Safely 🙂