Our pivot point is at 1.7616.
Our preference: the downside prevails as long as 1.7616 is resistance
Alternative scenario: above 1.7616, look for 1.7661 and 1.7689.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.7602 and 1.7626). Finally, the EUR/AUD is trading below its lower Bollinger band (standing at 1.7574).
Supports and resistances:
1.7689 **
1.7661 *
1.7616 **
1.7598
1.7573 last
1.7511
1.7484 **
1.7457 *
1.7430 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-03-2025 at 10:46 UTC+1
Price reference: 1.7573 last known on 11-03-2025 at 10:46 UTC+1
Investment horizon: INTRADAY
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