• EUR/AUD struggling to extend gains beyond 1.5343, consolidating after rally from 1.4348 lows (Dec 3rd).
  
  
• Momentum studies are neutral -  5, 10 & 20 DMAs base/climb - positive setup exists, bounce from here targets a test of 1.5466 (50% of August/December fall).
  
  
• Converging Tenkan and Kijun lines at 1.4846 is strong support on the downside, weakness only on breaks below.
  
  
• Stochs are in overbought region, some unwinding likely, caution advised, RSI is at 55 and has room to run.

Recommendation: We would use dips around 1.5020 to go long, SL: 1.4840, TP: 1.5460 

Resistance Levels:

R1: 1.5256 (Dec 10 high)

R2: 1.5303 (Dec 9 high)

R3: 1.5335 (Dec 14 high)

Support Levels:

S1: 1.5045 (Dec 9 lows)

S2: 1.5014 (10 DMA)

S3: 1.4873 (21 DMA)