EURAUD has traded into a key pivot as support prior to the RBA rate decision, which will decide the RBA's interest rate going forward. Technically the pair is at a key support zone and the RSI is giving bullish divergence. The EURAUD has pulled back following a multi week bull market, and we anticipate the RBA rate decision to be the catalyst for a continuation in the bull market.
Comment:
SL MOVE TO BE
Trade closed: target reached