Strifor || EURAUD-30/04/2024
Preferred direction: BUY
Comment: After negative data on retail sales in Australia, the AUD is losing ground, and here we can count on a short-term weakening of this currency. This trend is also confirmed by technical factors. For the EURAUD currency pair, a test of the area is expected at the level of 1.64767, where the limit seller area is located. Most likely, this will realize today, the deadline is tomorrow. After which, sales will most likely resume.
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Comment: After negative data on retail sales in Australia, the AUD is losing ground, and here we can count on a short-term weakening of this currency. This trend is also confirmed by technical factors. For the EURAUD currency pair, a test of the area is expected at the level of 1.64767, where the limit seller area is located. Most likely, this will realize today, the deadline is tomorrow. After which, sales will most likely resume.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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