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- EUR/AUD has edged lower from session highs at 1.4893, which is strong resistance for the pair.
- Techs on 4-hourly charts are biased higher, and breaks above 1.4893 could take the pair to 1.50 levels.
- Immediate resistance is seen at 1.4893 (Session highs) ahead of 1.4923 (March 4th highs).
- Supports are located at 1.4790 (Dec 7th lows) and further below at 1.4765 (Dec 4th lows).
Recommendation: Good to go long on dips around 1.4830, SL: 1.4790, TP: 1.4925/1.50
Resistance Levels:
R1: 1.4893 (Session highs)
R2: 1.4923 (March 4th highs)
R3: 1.4925 (March 3rd highs)
Support Levels:
S1: 1.4790 (Dec 7th lows)
S2: 1.4765 (Dec 4th lows)
S3: 1.4738 (March 4th lows)
