Thursday, October 15, 2026

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EUR/AUD breaks minor trend line resistance, a jump till 1.5795 is possible

EUR/AUD has made a low of 1.5513 yesterday and slightly recovered from that level. Short term trend is bullish as long as support 1.5590 holds. Any break below 1.5590 will drag the pair further down till 1.5550/1.5500 in…

By Lis Howell
1 min read
EUR/AUD breaks minor trend line resistance, a jump till 1.5795 is possible
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  • EUR/AUD has made a low of 1.5513 yesterday and slightly recovered from that level. Short term trend is bullish as long as support 1.5590 holds.

  • Any break below 1.5590 will drag the pair further down till 1.5550/1.5500 in short term.

  • The pair's minor resistance is around 1.5725 and any break above will take the pair to next level at 1.5795/1.5860.

It is good to buy at dips around 1.5675-80 with SL around 1.5590 for the TP of 1.5795/1.5860 

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team