AUD/USD: a positive prospect
AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
EUR/AUD is testing lower levels
Information is not investment advice
EUR/AUD rose to the 50-week MA around 1.5855 (weekly pivot) but then was rejected down. The pair’s testing support at 1.5780 (last week’s low). A decline below this level will open the way down to 1.5725 and potentially 1.5650. A return above 1.5800 will let the pair recover to 1.5850.
Elizabeth Belugina
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