EUR/AUD intraday: target 1.7421

Trading Central 2025-05-22 12:19:05

Our pivot point stands at 1.7664.

Our preference: target 1.7421.

Alternative scenario: the upside breakout of 1.7664, would call for 1.7755 and 1.7809.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.7601) but above its 50 period moving average (1.7584).

Supports and resistances:

1.7809 **

1.7755 *

1.7664 **

1.7628

1.7586 last

1.7475

1.7421 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. Our company accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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