- EUR/AUD has taken support at 1.4740 and recovered from that level. Overall trend is still bullish as long as support 1.4730 holds.
- Any break below 1.4730 will drag the pair further down till 1.4660.
- On the higher side it is facing trend line resistance around 1.4900 and any break above will target 1.4940/1.5000.
It is good to buy at dips around 1.4855-60 with SL around 1.4800 for the TP of 1.4940/1.5000.
The material has been provided by InstaForex Company – www.instaforex.com