EUR/AUD recovered from low of 1.3703 and reached till 1.39610. It is facing resistance around 1.39750 (trend line joining 1.4018 and 1.4106) and 1.3994 (200 day 4HMA).
Overall trend reversal happens if it closes above 1.4000 level.
On the downside minor support 1.3850 and break below 1.3770/1.3705.
Indicators (4 Hour chart)
Woddies CCI (14) – Neutral
CCI (50) – Sell
Ichimoku- Sell
We prefer to sell EUR/AUD around 1.3900-20 with stop around 1.4000 for the target of 1.4705.
Overall trend reversal happens if it closes above 1.4000 level.
On the downside minor support 1.3850 and break below 1.3770/1.3705.
Indicators (4 Hour chart)
Woddies CCI (14) – Neutral
CCI (50) – Sell
Ichimoku- Sell
We prefer to sell EUR/AUD around 1.3900-20 with stop around 1.4000 for the target of 1.4705.