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EUR/AUD has broken short term support 1.5650 which confirms a short term weakness , a decline till 1.550 cannot be ruled out . It is currently trading at 1.5635.
- On the downside minor support is around 1.5580 and any break below will drag the pair further down till 1.5500
- The pair's minor intraday resistance is around 1.5695 and any indicative break above would extend gains till 1.5760/1.5800.
- Short term reversal only above 1.5960.
It is good to sell on rallies around 1.5650-55 with SL around 1.5700 for the TP of 1.5550.
