EUR/AUD breaks minor trend line resistance, targets 1.4800
Major trend line resistance – 1.4700 (trend line joining 1.51339 and 1.4832)
The pair has broken trend line resistance 1.4700 and is trading around 1.4726.
Short term trend is bullish as long as support 1.46500 holds. Any break below 1.46500 will drag the pair down till 1.4600/1.4580.
On the higher side major resistance is around 1.4750 and break above will take the pair to 1.4800/1.4830.
It is good to buy at dips around 1.4705 with SL around 1.4650 for the TP of 1.480/1.4830.
The pair has broken trend line resistance 1.4700 and is trading around 1.4726.
Short term trend is bullish as long as support 1.46500 holds. Any break below 1.46500 will drag the pair down till 1.4600/1.4580.
On the higher side major resistance is around 1.4750 and break above will take the pair to 1.4800/1.4830.
It is good to buy at dips around 1.4705 with SL around 1.4650 for the TP of 1.480/1.4830.
