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- EUR/AUD has been edging down a falling channel since June.
- Price action is attempting breach of channel top resistance at 1.4740.
- Technical indicators support upside: Stochs, RSI and CCI suggest bullish bias.
- Immediate support and resistance are seen at 1.4604 (5-DMA) and 1.4810 (July 8 high).
Recommendation: Good to go long on breakout above 1.4740, SL: 1.4630, TP: 1.4830/ 1.49/ 1.4939
