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EUR/AUD reversed from support area

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  • EUR/AUD reversed from support area
  • Next buy target - 1.5700

EUR/AUD today reversed up sharply from the support area lying between the strong support level 1.5355 (former resistance level from October), 61.8% Fibonacci correction of the previous sharp upward impulse wave form the start of November and the support trendline of the daily up channel from September. EUR/AUD is expected to rise to the next buy target at the next resistance level 1.5700 (top of the previous corrective wave (b)).

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