EUR/AUD’s rebound from 1.4281 extends higher today and intraday bias is back on the upside. A stronger rally would be seen back towards 1.5396 resistance. On the downside, below 1.4564 minor support will turn bias back to the downside for 1.4281 low instead.
In the longer term picture, a continuation of the downtrend may continue if our resistance holds on the next approach towards 1.4850
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