• EUR/AUD maintained its strength on Monday as markets assess France's hung parliament prospects.
• Markets' focus now turns to who will be France's next prime minister, with a less partisan figure likely preferred by investors
• The pair trades solidly at 1.6068 level and has thus far avoided sliding below the critical 23.6%fib support line.
• Immediate resistance is located at 1.6124(38.2%fib), any close above will push the pair towards 1.6178(Jul 2nd high).
• Immediate support is seen at 1.6028(23.6%fib) and break below could take the pair towards 1.5984(Lower BB).
Recommendation: Good to buy around 1.6060 , with stop loss of 1.5950 and target price of 1.6120
