1,7050. EUR AUD is in an downtrend directed by 4H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue on 1,6650 support (400 pips).
Resistances
1,7100 - 1,7170
Supports
1,7035 - 1,7000

tags: Forex, euraud
author: Arnaud Jeulin
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