EUR/AUD intraday: the downside prevails as long as 1.6249 is resistance

Our pivot point is at 1.6249.

Our preference: the downside prevails as long as 1.6249 is resistance.

Alternative scenario: above 1.6249, look for 1.6299 and 1.6329.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.6208 and 1.6221).

Supports and resistances:

1.6329 **

1.6299 *

1.6249 **

1.6229

1.6201 last

1.6136

1.6106 **

1.6077 *

1.6047 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 03-30-2023 at 11:30 UTC+1

Price reference: 1.6201 last known on 03-30-2023 at 11:30 UTC+1

Investment horizon: INTRADAY