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- EUR/AUD has made a low of 1.5600 yesterday and recovered from that level. It is currently trading at 1.5833. Overall trend is still weak as long as resistance 1.4950 holds
- On the downside minor support is around 1.5798 and any break below will drag the pair further down till 1.5731/1.5660.
- Further selling can be seen only below 1.5600.
- The pair's minor intraday resistance is around 1.5860 and any indicative break above would extend gains till 1.5900/1.5950.
It is good to sell on rallies around 1.5880-85 with SL around 1.5960 for the TP of 1.5660
