1,6985. EUR AUD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6950 (35 pips). The consolidation should continue. If the support breaks then the target will be 1,6850 (135 pips).
Resistances
1,7000 - 1,7065
Supports
1,6950 - 1,6850

tags: Forex, euraud
author: Arnaud Jeulin
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