EurAud- 1.63 zone remain my focus

FX:EURAUD   Euro / Australian Dollar
In my 13 September post regarding EurAud, I wrote that a top could be in place and the pair could drop under horizontal important support. This happened the next day and on 15 September, the pair made a low of around 1.6450.
Now EurAud is in a normal up-correction and this could offer a good opportunity for sellers to enter the market at a better price.
In conclusion, rallies above 1.66 should be sold with the same 1.63 zone target and negation above the new resistance.

Join My Free Telegram Channel:


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.