EUR/AUD intraday: the upside prevails as long as 1.6183 is support

Our pivot point stands at 1.6183.

Our preference: the upside prevails as long as 1.6183 is support.

Alternative scenario: below 1.6183, expect 1.6136 and 1.6108.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.6206 and 1.6204).

Supports and resistances:

1.6370 **

1.6341 *

1.6313 **

1.6285

1.6223 last

1.6202

1.6183 **

1.6136 *

1.6108 **

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 03-23-2023 at 18:39 UTC+1

Price reference: 1.6223 last known on 03-23-2023 at 18:39 UTC+1

Investment horizon: INTRADAY