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- EUR/AUD has been consolidating in narrow range between 1.6065-1.5660 for the past three trading session. The pair has made a low of 1.5660 on Friday and recovered from that level. It is currently trading at 1.5766.
- On the downside major support is around 1.5660 and any break below confirms short term weakness, a decline till 1.5580 cannot be ruled out.
- The pair's minor intraday resistance is around 1.5806 and any indicative break above would extend gains till 1.5860/1.5950.
- Short term reversal only below 1.5660.
It is good to buy at dips around 1.5685-90 with SL around 1.5600 for the TP of 1.5800/1.5855
