Short EUR/AUD rallies for 1.4355

EUR/AUD was rejected at highs around 1.4487, slips below 20-DMA at 1.4405.

Intraday bias lower, close below 20-DMA to accentuate downside.

Stochs are on verge of rollover from overbought levels, RSI biased south.

Major support levels - 1.4382 (session low), 1.4356 (23.6% Fib), 1.43 (Nov 1 low)

Major resistance levels - 1.4462 (5-DMA), 1.4498 (38.2% Fib), 1.4519 (Nov 4 low)

Good to sell rallies, SL: 1.4470, TP: 1.4380/ 1.4355/ 1.43

Comment:

All targets hit.

Pair attempts recovery from fresh 2-week lows of 1.4283.

But upside lacks traction.

We would see upticks as shorting opportunities.

SL: 1.4420, TP: 1.43/ 1.4280/ 1.4250/ 1.42