EUR/AUD edged lower to 1.5951 last week then rebounded, but lost momentum after hitting 1.6264. Initial bias remains neutral this week first. Above 1.6264 will target 1.6334 resistance. Considering bullish divergence condition in D MACD, firm break of 1.6334 will indicate medium term bottoming. Nevertheless, rejection at 1.6334 will keep the larger down trend intact […]
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