- EUR/AUD has taken support near trend line 1.4255 and recovered from that level. Overall trend is bullish as long as support 1.4250 holds.
- On the down side any break below 1.4250 will drag the pair further down till 1.4200/1.4160.
- The pair’s minor resistance is around 1.4325 and break above would extend gains till 1.4380/1.4450 in short term.
It is good to buy at dips around 1.4295 with SL around 1.4250 for the TP of 1.4380/1.4450.
The material has been provided by InstaForex Company – www.instaforex.com