1,7079. EUR AUD is in an downtrend directed by 4H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. EUR AUD is in a range between 1,6985 and 1,7150. The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The consolidation should continue. The price should continue to move in Bollinger bands.
Resistances
1,7100 - 1,7155
Supports
1,6985 - 1,6900

tags: Forex, euraud
author: Arnaud Jeulin
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