EUR/AUD’s down trend accelerated to as low as 1.6125 last week but recovered since then. Initial bias remain neutral this week for consolidations. But outlook will remain bearish as long as 1.6594 resistance holds. Firm break of 1.6125 will resume the fall from 1.8554 to 1.5913 fibonacci level next. Nevertheless, break of 1.6594 will indicate […]
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