- EUR/AUD has broken major trend line support 1.5635 which confirms short term weakness , a decline till 1.5580/1.5500 is possible .
- On the higher side major resistance is around 1.5715 and any break above targets 1.5750/1. minor resistance is around 1.5680
- Overall bearish invalidation only above 1.5805 any indicative break above targets 1.5860/1.5900
- It is good to sell on rallies around 1.5620-25 with SL around 1.5680 for the TP of 1.5580/1.5500
Resistance
R1- 1.568
R2-1.5715
R3- 1.5750
Support
S1-1.5635
S2-1.5580
S3-1.5500
