Description
⋅ EUR/AUD has returned back to an area of support around the 1.6355 level.
Previously we have seen price hit this level of support and then retrace upward towards resistance.
We could see bulls come back into play at this level to drive the price back up to the area of resistance.
I will look to enter a long trend following confirmation of bullish candlesticks as well as crossovers of the MACD and RVI.