Recently, EurAud reached 1.7 figure, and after some consolidation in that zone, the pair started to drop.
This drop stopped around 1.6650 and although we have 3 reversals from this horizontal level, EurAud has started to print lower highs on our chart.
This could be an indication that more losses could come and the pair could drop under this support.
A break under this level could accelerate losses toward important 1.63 support
On the other hand, a break back above 1.68 would put the recent 1.7 high in focus
This drop stopped around 1.6650 and although we have 3 reversals from this horizontal level, EurAud has started to print lower highs on our chart.
This could be an indication that more losses could come and the pair could drop under this support.
A break under this level could accelerate losses toward important 1.63 support
On the other hand, a break back above 1.68 would put the recent 1.7 high in focus
