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EUR/AUD has broken channel top at 1.5105 after multiple attempts since Dec 10th and is currently trading at 1.5188 levels.
- Upside in the pair was capped at 1.52 levels which is 38.2% Fib of 1.6585 to 1.4347 fall, break above could take the pair to 1.5277 (Dec 14 highs).
- Technicals are supportive for further gains upto 0.5277, which is the next strong resistance zone.
- 1.52 to 1.53 is strong resistance zone for the pair, breaks above could target 1.5466(50% Fib of 1.6585 to 1.4347 fall) and then 1.55 levels (Nov 2 highs).
- 1.5207 (Session high Jan 6th) and 1.5050 (10-DMA) are immediate resistance and support levels for the pair.
Recommendation: Go long on break of 1.5210, TP: 1.5280/1.53, SL: 1.4970.
