FxWirePro: EUR/AUD rejected shy of 200-DMA, breach of 5-DMA at 1.4547 to see further weakness

• EUR/AUD was rejected just shy of 200-DMA at 1.4748 on Friday's trade.
   
• The pair is currently holding above 5-DMA at 1.4547. Break below will see test of 100-DMA support at 1.4518.
   
• Violation at 100-DMA could see some weakness in the short-term. We then see scope for test of trendline at 1.41 levels. 
   
• Stochs are at overbought levels and rollover will add to downside confirmation.

Recommendation: 

- Good to short break below 5-DMA, target 100-DMA at 1.4518. 
- Hold for further downside on violation at 100-DMA. Test of 20-DMA at 1.4373 then on cards.

Support levels:

S1 - 1.4547 (5-DMA)
S2 - 1.4518 (100-DMA)
S3 - 1.45
S4 - 1.4456 (Dec 28 low)

Resistance levels:

R1 - 1.4597 (Dec 23 high)
R2 - 1.4667 (Oct 13 high)
R3 - 1.47
R4 - 1.4746 (200-DMA)