EUR/AUD ST: the downside prevails as long as 1.5615 is resistance
Our pivot point stands at 1.5615.
Our preference: the downside prevails as long as 1.5615 is resistance.
Alternative scenario: above 1.5615, look for 1.5905 and 1.6077.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.5646 and 1.5783).
Supports and resistances:
1.6077 **
1.5905 *
1.5615 **
1.5501
1.5383 last
1.4995
1.4823 **

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