- EUR/AUD has formed double top around 1.4275 and retreated from that level.
- Intraday trend reversal only above 1.4275. Break above will take the pair till 1.4300/1.4340 in short term.
- Intraday support is around 1.4180 and any break below will drag the pair further down till 1.4120/1.4050.
- We prefer to sell around 1.4230 with stop around 1.4275 for the target of 1.4120/1.4060.
Resistance
R1- 1.4275
R2-1.4300
R3-1.4355
Support
S1-1.4180
S2-1.4120
S3-1.4049
The material has been provided by InstaForex Company – www.instaforex.com