EUR/AUD Technical

EUR/AUD has been on a long down trend since 21st of August 2015 going from 1.658 down to 1.433. A bullish move saw the pair go back to 1.62 before further declining to where it is now at 1.442. At the moment we’re watching the 1.480 and 1.443 support and resistance and wait for a breakthrough. If bullish breakthrough happens it is expected to see this pair hit 1.500 resistance before bearish trend again. If a a bearish break through happens at 1.443 the pair is expected to hit 1.422 before returning to 1.443 or above. Keep a close eye out on this pair!