We prefer to set shorts EURAUDEURAUD - Intraday - We look to Sell at 1.4625 (stop at 1.4725)
Previous support located at 1.4500. Previous resistance located at 1.4550. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.4625, resulting in improved risk/reward. A move through 1.4500 will confirm the bearish momentum.
Our profit targets will be 1.4375 and 1.4350
Resistance: 1.4550 / 1.4625 / 1.4700
Support: 1.4500 / 1.4450 / 1.4375
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