Long

Nice-looking confluence to buy the EUR/AUD

Updated

Reasons printed on the chart :)

Note

Reasons are as follows:

Channel support taken from the high 1.4975.
Trendline support extended from the low 1.4896.
AB=CD 127.2% ext. point at 1.4939.
Mid-level support at 1.4950.
RSI closing in on oversold territory.

ICmarkets

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.