1,7429. There is an horizontal range between 1,7380 and 1,7480. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The price should find a resistance below 1,7480 (51 pips).
Resistances
1,7480 - 1,7545
Supports
1,7375 - 1,7350

tags: Forex, euraud
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.