Our pivot point is at 1.8079.
Our preference: the downside prevails as long as 1.8079 is resistance
Alternative scenario: above 1.8079, look for 1.8115 and 1.8136.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.8071 and 1.8097). Finally, the EUR/AUD is trading below its lower Bollinger band (standing at 1.8048).
Supports and resistances:
1.8136 **
1.8115 *
1.8079 **
1.8065
1.8044 last
1.8000
1.7979 **
1.7957 *
1.7936 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-22-2025 at 06:45 UTC+1
Price reference: 1.8044 last known on 08-22-2025 at 06:45 UTC+1
Investment horizon: INTRADAY
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