EUR/AUD intraday: the downside prevails as long as 1.6020 is resistance

Our pivot point is at 1.6020.

Our preference: the downside prevails as long as 1.6020 is resistance.

Alternative scenario: above 1.6020, look for 1.6072 and 1.6103.

Comment: the RSI is below 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 1.5993 and 1.6000).

Supports and resistances:

1.6103 **

1.6072 *

1.6020 **

1.6000

1.5967 last

1.5895

1.5865 **

1.5834 *

1.5803 **

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 03-08-2023 at 11:00 UTC+1

Price reference: 1.5967 last known on 03-08-2023 at 11:00 UTC+1

Investment horizon: INTRADAY