- EUR/AUD extends slump, hits fresh multi-month lows at 1.3724.
- Heightened political uncertainty in the euro area and resurgence in Greece crisis keeps EUR subdued.
- AUD supported after RBA held rates and talked up the Australian economic growth. Upbeat NAB business conditions also adds supports.
- Technical studies are biased lower, we see scope for further downside.
Support levels - 1.3678 (Week of Apr 27, 2015 low), 1.3370 (Week of June 3, 2015 low)
Resistance levels - 1.3850 (5-DMA), 1.3981 (Feb 10 high), 1.4052 (20-DMA)
TIME TREND INDEX OB/OS INDEX
1H Bullish Neutral
4H Bearish Oversold
1D Bearish Oversold
1W Bearish Near oversold
Call update: Our previous call (http://www.econotimes.com/FxWirePro-EUR-AUD-hits-fresh-10-month-lows-at-13811-bias-lower-good-to-short-rallies-537747) has achieved TP1.
Recommendation: Hold for further downside.


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