In this video update, we take a look at the longer-term outlook for EURAUD and what could happen for the coming quarter.
The quarterly close suggests we could see further downside occur into the key support zones around 1.5250.
Looking at the daily timeframe we can see that price has broken out of consolidation, with price re-testing
the structure. With price rejecting currently we could see opportunities to sell this market into key demand zones.
The quarterly close suggests we could see further downside occur into the key support zones around 1.5250.
Looking at the daily timeframe we can see that price has broken out of consolidation, with price re-testing
the structure. With price rejecting currently we could see opportunities to sell this market into key demand zones.