EUR/AUD intraday: rebound towards 1.5790

EURAUD

Trading Central 2021-01-13 17:50:05

Our pivot point stands at 1.5672.

Our preference: rebound towards 1.5790.

Alternative scenario: the downside breakout of 1.5672 would call for 1.5633 and 1.5610.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.5721 and 1.5724).

Supports and resistances:

1.5836 **

1.5813 *

1.5790 **

1.5767

1.5719 last

1.5687

1.5672 **

Disclaimer

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