EUR/AUD’s decline resumed last week and hit 1.6620, but recovered since then. Initial bias remains neutral this week for consolidations. Outlook will stay bearish as long as 1.7060 resistance holds. Break of 1.6620 will resume larger down trend from 1.8554 to 138.2% projection of 1.8554 to 1.7245 from 1.8160 at 1.6351 next. However, firm break […]
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